TV Series Part 7:Understanding Inflation Coverage on a Federal Long-Term Care Policy by Les Robinson

The ABC's of Insurance present the Federal Employee Benefits TV Series: Hosted by Les Robinson CLTC Topic:Inflation Coverage and Elimination Period on Federal Long-Term Care Policy
By: Les Robinson CLTC
Les Robinson Federal Employee Benefits TV Series
Les Robinson Federal Employee Benefits TV Series
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AMHERST, N.Y. - Oct. 5, 2018 - PRLog -- Part 7 of the Federal Employee Benefits TV series: Air Date October 15, 2018.

Topic:Inflation Coverage and Elimination Period on Federal Long-Term Care Policy

The Federal Long-Term Care Insurance Program (FLTCIP)

The Federal Long-Term Care Insurance Program (FLTCIP) provides long term care insurance to help pay for costs of care when enrollees need help with activities they perform every day, or you have a severe cognitive impairment, such as Alzheimer's disease. Most Federal and U.S. Postal Service employees and annuitants, active and retired members of the uniformed services, and their qualified relatives are eligible to apply for insurance coverage under the FLTCIP. Most employees must be eligible for the FEHB Program to apply for coverage under the FLTCIP.

Elimination Period

An elimination period is the length of time between when an injury or illness begins and receiving benefit payments from an insurer. Also known as the "waiting" or "qualifying" period, policyholders must, in the interim, pay for these services. The resulting effect can be thought of as a deductible

Example of Type of Inflation: Compound Inflation Protection

Compound inflation is interest on interest.  Sometimes known as the "8th wonder of the world," compounding interest has a snowball effect increasing your benefits at a more significant pace than simple interest.  For a 55-year-old applicant, a $200/day benefit with 5% compound inflation will be worth $677/day at age 80.  Over time, compound inflation protection will provide quite a big difference in benefits than what simple inflation protection will provide.  Compound inflation is important for individuals in their 40's, 50's and 60's where it can reasonably projected that a claim is at least 20-30 years away.

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The award winning "The ABC's of Insurance" has been on TV since November of 1997.  The TV show has been designed to be educational on insurance topics.  Helping people to understand insurance and to ask the correct questions.

The show has done a variety of different topics including

·         Home Insurance

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·         A Long-Term Care series

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·         Life Insurance

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Go to  to see a list of past TV shows

Upcoming TV shows of 2018

·         How to Protect your money from Medicaid

·         Fall Prevention

·         Avoid Probate Series coming in Spring of 2019

·         Federal Employee Benefit Series

·         Common Mistakes

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Page Updated Last on: Oct 05, 2018
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