If an unexpected long term care event occurs, are you financially prepared? While it's common to associate long term care with getting older, the reality is, long term care goes beyond aging. It can happen at any time due to an illness or injury, and the cost of long term care can be expensive. While you can't predict the need for long term care, you can plan ahead for the possibility.
The Federal Long Term Care Insurance Program (FLTCIP) is the group long term care insurance program that is designed specifically for Federal employees. The FLTCIP helps pay for long term care services in a variety of settings and for your choice of caregiver. Including the FLTCIP in your financial plan can help protect your savings and assets should you ever need long term care and; therefore, allow you to spend your nest egg the way you want.