Reply to Feds, did you buy long term care?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm the poster who bought a policy at 32 years old. I'm a federal employee and bought the plan through them. Is that an option for you OP?[/quote]

Thank you very much for your post, I am op and I really appreciate it.

Also thanks for everyone's input.  In the beginning, I felt it might be a good thing because this is from feds and I am a federal employee.  From their website, there are 4 or more package staring from around $160-200 per month, I could manage this amount, however, it will probably be raised higher and higher in the future. As many have said, it will only have limited coverage in the future.

I will do more research about it.[/quote]

I purchased the federal ltc policy in 2009. At the time I bought the top of the line plan available. The contract was with john Hancock back then I believe. About a year or so ago the contract changed hands for the first time. I think it is now through met life (I may have this backwards)? The premiums did increase but they gave you a choice to reduce benefits and keep your premium the same. I elected to increase my premium and keep my benefit the same. I believe when I bought the plan in 2009 my premium was $70. In 2017 when the contract changed hands it went up to $160 if I wanted to keep my benefits the same. That was the first increase in costs I've seen since purchasing the policy.[/quote]

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