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- LAWMAKERS PROBE INTO REASONS WHY FEDERAL LONG-TERM-CARE PREMIUMS CONTINUE TO INCREASE - November 30, 2016
House Panel To Examine Federal Long-Term Care Premium Hikes
By Kellie Lunney, Government Executive
A House panel on Wednesday afternoon will hold a hearing to discuss the huge premium spike that hit participants in the Federal Long-Term Care Insurance Program on Nov. 1.
The House Oversight and Government Reform Subcommittee on Government Operations, chaired by Rep. Mark Meadows, R-N.C., will hear testimony from the Office of Personnel Management, John Hancock Insurance, and the National Active and Retired Federal Employees Association, on the new federal long-term care premium rates that took effect earlier this month. Average premium rates have increased 83 percent, or $111 more per month, for enrollees who opted not to change their coverage.
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