Federal LTC Program Gets The Job Done The federal long term care insurance program has been successful by any measure. Almost 265,000 federal employees have applied for insurance through the program, which was created in 2000 by Congress and organized by the U.S. Office of Personnel Management.
When the program completes underwriting on all open-season applicants by early spring, managers expect the program to be the largest employer-sponsored long term care insurance program in the country, with more than 215,000 enrollees, says Long Term Care Partners L.L.C., San Antonio, Texas, which sells the policies.
The program is owned by John Hancock Life Insurance Company, Boston, and Metropolitan Life Insurance Company, New York.
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