Eligibility Requirements for the FLTCIP

Long-term care insurance is available through the Federal Long-Term Care Insurance Program (FLTCIP) for federal and US postal employees and active and former members of the armed forces. First, understand what long-term care is not: it is not medical treatment, nor a search for recovery or a cure. Home care, including care provided by family members, nursing homes, assisted living facilities, continuing care communities, and adult day care centers, are all included in this category.

Long-term care expenditures today average roughly $32,000 annually for in-home care for six hours per day, five days per week, and $47,500 for assisted living facilities.

These expenditures are fast-rising, and health insurance, long-term disability insurance,  and Medicare do not typically cover them. Medicaid is typically limited to inpatient care and only if the client meets tight income and wealth requirements, including selling assets.

If the FLTCIP long-term care insurance program covers you, benefits will begin once you have met the following requirements and have completed any applicable waiting periods.

1. A certified health care practitioner certifies that:

• You are unable to conduct two of six daily tasks and your condition is expected to last at least 90 days; or

• You require extensive supervision due to severe cognitive impairment.

2. Long Term Care (LTC) Partners accept the qualification.

3. A licensed health care professional creates a plan of care for you, approved by LTC Partners.

Daily life activities are actions that people do regularly, such as:

• Bathing: washing your hair, sponge bathing oneself, or bathing in a tub or shower, as well as getting into and out of the tub or shower

• Dressing: putting on and removing all clothing, as well as any necessary braces, fasteners, or artificial limbs

• Toileting: getting to and from the toilet, getting on and off the toilet, and completing associated personal hygiene

• Transferring: moving into or out of a bed, chair, or wheelchair

• Continence: maintaining control of bowel and bladder function or conducting associated personal hygiene (including caring for a catheter or colostomy bag) while unable to maintain control of bowel and bladder function

• Eating: receiving food into your body through a container (such as a plate, cup, or table), a feeding tube, or intravenously

A significant cognitive impairment is defined as a loss or impairment in:

• Short- or long-term memory

• Person, place, and time orientation

• Deductive or abstract reasoning

Such impairment or loss puts you in danger of hurting yourself or others, necessitating close supervision by another person.

Benefits stop when the maximum benefit amount (money pool) is exhausted unless you chose lifetime benefits when that choice was still available. Even if you have recovered, you will not be able to renew or restart a policy once your benefits have been exhausted.

Contact Information:
Email: [email protected]
Phone: 7242723902

Bio:
Craig E. Vukich is a 35 year retirement specialist and Financial Advisor who has helped thousands of clients all over the country with their investment portfolios and retirement strategies.
In that time, Craig has also helped seniors and retirees with their Medicare options as healthcare continues to be one of the most confusing issues facing people today.
Personally, Craig lives in Beaver Falls, Pa with his beautiful wife and childhood sweetheart Barb and their lovely daughter Shalyn.
Craig is a graduate of Westminster College which is about an hour north of Pittsburgh. Craig is a recreational golfer and traveler and Pittsburgh sports fanatic.

Disclosure:
This information is not a complete analysis of the topic(s) discussed, is general in nature, and is not personalized investment advice. Nothing in this article is intended to be investment advice. There are risks involved with investing which may include (but are not limited to) market fluctuations and possible loss of principal value. Carefully consider the risks and possible consequences involved prior to making any investment decision. You should consult a professional tax or investment advisor regarding tax and investment implications before taking any investment actions or implementing any investment strategies.