• House Committee Advances 9/11 Victim Compensation Legislation

    House Committee Advances 9/11 Victim Compensation Legislation

    A House committee voted this week to advance the September 11th Victim Compensation Fund until 2090. The vote comes one day after a heated hearing during which comedian and advocate Jon Stewart expressed frustrations with significant delays in the legislation’s passage.

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Retirement: What’s Your Plan?

With increased longevity and medical advancements, many Federal employees are concerned about the possibility of outliving their savings.

And when it comes to retirement, you want to enjoy it—and that means you want to be prepared. There are many considerations to think about in retirement besides your living expenses, such as where you live, family support, your health, and the rising costs of care. That's why it's so important to plan now for any long term care you may need.

Long term care is the ongoing care you need if you can no longer perform everyday tasks by yourself due to chronic illness, injury, disability, or the aging process. This type of care is expensive, and is generally not covered by traditional types of insurance plans or Medicare.

One common misconception about long term care is that it is primarily nursing home care. Actually, most long term care is provided at home, and friends and family are often the first people called upon to provide care.

Assuming the role of caregiver can have a significant financial and emotional impact. Without support or assistance, these caregivers can suffer from depression, lost wages, physical injury, and disrupted personal relationships. Many are pulled in two directions, caring for both their children and their parents, which can be an incredible challenge.

Planning for long term care can be unpleasant. But considering the high costs of care and the toll on family caregivers, it's essential to consider your options should the need arise.

Face the future with confidence

Long term care insurance, such as the Federal Long Term Care Insurance Program (FLTCIP), may be a smart way to help protect everything you've worked for, during your retirement.

Since 2002, the FLTCIP has offered Federal employees and annuitants the opportunity to take control of their future long term care needs by applying for long term care insurance. Designed to be both comprehensive and flexible, the FLTCIP covers a range of caregivers and settings.

Your choice of caregiver and setting

Today, many individuals prefer to remain at home, rather than receive long term care in a facility, such as an assisted living facility or a nursing home. The FLTCIP includes services that support care in your home, helping you maintain your quality of life in familiar surroundings.

The FLTCIP covers approved care provided at home by informal caregivers such as friends, family members, and other private caregivers, as well as formal care by licensed caregivers. Informal caregivers cannot have lived with you at the time you became eligible for benefits, but they can live in your home after you become eligible. Having such coverage helps spouses maintain their current lifestyle and minimizes the financial and emotional sacrifices adult children are often asked to make when a long term care event occurs.

The FLTCIP's stay-at-home benefit can help you remain at home safely and maintain your quality of life. Valuable covered services may include care-planning visits, modifications to your home, an emergency medical response system, durable medical equipment, caregiver training (training an informal caregiver to perform personal care services at the enrollee's home), and home safety checks.

As you consider long term care insurance and enrolling in the FLTCIP, think about how you would like to receive care and by whom. Keep in mind that even when home care is provided by a licensed caregiver, a small amount of informal assistance can often make the difference in whether you are able to stay at home or need to move to a facility setting. And being able to reimburse your informal caregiver can sometimes make the difference in whether he or she is able to provide the care you need.

Plan ahead today

Visit LTCFEDS.com to learn more about your long term care insurance options and which FLTCIP plan may be right for you.

Note: It’s important that you apply for long term care insurance when you are in good health. Certain medical conditions, or combinations of conditions, will prevent some people from being approved for coverage. You need to apply to find out if you qualify for coverage under the FLTCIP.

This Week on FEDtalk

Navigating Plans for Summer with the National Park Service

Do you know what you are doing this summer? To find out what our National Parks have to offer, tune in to FEDtalk this Friday and start planning your trip!

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Hear it from FLEOA

FLEOA Highlights Important Policy, People During Police Week

The Federal Law Enforcement Officers Association (FLEOA) is continually committed to serving our members and the federal law enforcement community. This Police Week, FLEOA has dedicated special time and attention to pushing policy that helps the law enforcement community protect and serve their community. From events highlighting the importance of police to meetings on the Hill, FLEOA is excited to engage the public and policy makers on law enforcement issues during this time of heightened awareness.

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