Hearing on Federal Long-Term Care Insurance Premium Increases
January 1, 2017
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The Frame
The hearing addresses the financial stability and affordability of long-term care coverage for federal employees and retirees, specifically focusing on why premiums for the program were increased.
Potentially affected actors named in the source documents. Mention is not a position.
Federal employees and retirees
These individuals are the primary participants in the FLTCIP and are subject to premium changes.
John Hancock Insurance
The company acts as the insurer for the program and manages the premium structures.
Office of Personnel Management (OPM)
The agency responsible for overseeing the administration of the federal insurance program.
Last recorded activity January 1, 2017.
Next step not available in the current record.
Summary
Key Facts
- The hearing was held on November 30, 2016, by the Subcommittee on Government Operations.
- The primary subject was the examination of premium increases within the Federal Long-Term Care Insurance Program (FLTCIP).
- Witnesses included representatives from John Hancock Insurance, the Office of Personnel Management (OPM), the American Academy of Actuaries, and the National Active and Retired Federal Employees Association.
- The program is designed to help federal employees manage the financial burden of future long-term healthcare needs.
- The hearing included testimony from experts in gerontology and health financial reporting.
Why It Matters
The hearing addresses the financial stability and affordability of long-term care coverage for federal employees and retirees, specifically focusing on why premiums for the program were increased.
Frequently Asked Questions
What is the Federal Long-Term Care Insurance Program?
Why was this hearing held?
News Coverage
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Insurance Program Oversight
The hearing highlights the tension between maintaining program solvency and keeping premiums affordable for federal retirees.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance65How much this matters to a regular citizen
- Controversy40Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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