Launch of New

I am pleased to inform you that NTEU National is launching the new very soon. A great deal of work went into ensuring the website helps chapter representatives in our role and serves as a valuable benefit for all members. Continue reading “Launch of New”

Federal Long Term Care Insurance Program Premium Rate Increases

United States Office of Personnel Management (OPM) logoToday, the U.S. Office of Personnel Management (OPM) briefed NTEU on the upcoming premium rate increases for the Federal Long Term Care Insurance Program (FLCTIP). In April 2015, OPM awarded a new, seven year contract, as required by law, to John Hancock Life & Health Insurance Company. John Hancock was the existing insurance carrier for the FLTCIP program, and was also the sole bidder for this new contract. Based upon updated actuarial assumptions regarding mortality rates, medical care usage, inflation and costs, and actual claims and investment performance, OPM approved the increase in premium rates. Continue reading “Federal Long Term Care Insurance Program Premium Rate Increases”