Oversight

Sticker Shock: What’s the True Cost of Federal Long-Term Care Insurance?

Date: October 14, 2009

Time: 2:30pm

Location: Dirksen Senate Office Building SD-342

Agenda:

This was a joint hearing held by the Special Committee on Aging and the Subcommittee on Oversight of Government Management, The Federal Workforce and the District of Columbia. The hearing examined the 25 percent increase in the monthly premium that nearly 150,000 enrollees in the Federal Long Term Care Insurance Program (FLTCIP) may soon face, the circumstances leading to the dramatic and unexpected increase, and options for ensuring the viability of this insurance coverage.

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Member Statements

Senator

George V.

Voinovich

(R -

OH)

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Senator

Susan M.

Collins

(R -

ME)

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Senator

Paul G.

Kirk, Jr.

(D -

MA)

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Witnesses

Panel 1

Mr.

Daniel

Green

Deputy Associate Director, Center for Employee and Family Support Policy

Office of Personnel Management

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Panel 1

Ms.

Margaret

Baptiste

President

National Association of Retired Federal Employees

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Panel 1

Ms.

Colleen M.

Kelley

National President

National Treasury Employees Union

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Panel 1

Mr.

Chester

Joy

Individual Federal Long-Term Care Policy Holder

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Panel 1

Ms.

Mary Beth

Senkewicz

Deputy Commissioner

Florida Office of Insurance Regulation

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Panel 1

Ms.

Marianne

Harrison

President, Long-Term Care

John Hancock Financial Services, Inc.

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