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LTC Insurance for Federal Employees Passed

Wed, 08/02/2000 - 11:00pm — Karen Stevenson
Description: 

HR 4040, Long Term Care Security Act, has been passed by both houses of Congress and now goes to the President for his signature. This bill would provide long term care insurance as a part of the benefits package for all Federal employees, members of the uniformed services, civilian and military retirees, and their qualified relatives. The bill allows the government to competively bid with one or more carriers, with the insured individuals responsible for 100% of the premium costs, and also allows individuals to have premiums withheld from their pay.

HR 4040, Long Term Care Security Act, has been passed by both houses of Congress and now goes to the President for his signature. This bill would provide long term care insurance as a part of the benefits package for all Federal employees, members of the uniformed services, civilian and military retirees, and their qualified relatives. The bill allows the government to competively bid with one or more carriers, with the insured individuals responsible for 100% of the premium costs, and also allows individuals to have premiums withheld from their pay.