Federal Long Term Care Insurance Premium Increase 2025. The second phase of the premium increase is effective january 1, 2025. If inflation continues to average 2.32% 2 every year, in 20 years the annual cost of care in a nursing home will increase from $100,740 to $159,372.
Effective may 1, 2023, the us office of personnel management (opm) extended its contract with john hancock to provide insurance coverage to all federal long term care insurance. Federal long term care insurance program (fltcip) opm is extending the current suspension for coverage in fltcip to be effective on december 19, 2024, extending the current suspension expiring on that date.