by Chris Kowalik of ProFeds
Here’s a question that most people don’t want to think about: what is your plan for long-term care?
The harsh reality is that everything you’ve planned for in retirement could be wiped out if you don’t address this and have a plan when it happens. No one wants to admit they will need long-term care – NO ONE.
According to a recent report, 70% of adults over the age of 65 will need some kind of long-term care. As a federal employee, you now have a new long-term care insurance option available to you to help you address this very startling statistic.
The Office of Personnel Management (OPM) recently launched a new plan and rate structure under the Federal Long Term Care Insurance Program (FLTCIP). In this article, I’ll outline some of the changes under the new plan.
TRAINING AVAILABLE FOR FEDERAL EMPLOYEES:
Live Workshop Training: Check out the workshop schedule to attend a live FedImpact workshop near you! Use the SF-182 to request paid time off to attend the training. Don’t see a workshop nearby? Add your name to the list to be notified when new locations and dates are announced!
Online Training: Consider our online version, FedImpact: Federal Retirement Training On Demand. This is a self-paced, online program designed for employees in locations where we don’t currently hold live training.
Chris Kowalik is a federal retirement expert and frequent speaker to federal employee groups nationwide. In her highly-acclaimed Federal Retirement Impact Workshops, she empowers employees to make confident decisions as they plan for the days when they no longer have to work.
As the developer of dozens of highly-regarded retirement planning materials for federal employees and the creator of the FedImpact Podcast, Chris has also analyzed the challenging retirement scenarios for thousands of federal employees – helping them to avoid costly mistakes, and highlighting opportunities for them to gain greater financial security in their retirement years.
Chris’ candid and straightforward nature allows employees to get the answers they need, and to understand the impact these decisions have on their retirement. After all, if what you thought was true wasn’t, when would you like to know?