Feds feel the burn over huge long-term-care price hike

The Washington Post: Federal employees and retirees are feeling the burn.

They’re hot over the huge jump in their long-term care premiums that will take effect Nov. 1. The increases will average 83 percent — that’s $111 per month — and rise as much as 126 percent. John Hancock Life and Health Insurance Co. provides the coverage.

Their anger mirrors that felt about a 2009 price hike and has drawn the attention of Congress. Rep. Barbara Comstock (R-Va.) has called for a House hearing on the increase. “This is a serious matter that affects over a quarter-million federal employees, some of whom are on a fixed income,” she said. “These public servants and uniformed personnel deserve answers.” The National Active and Retired Federal Employees Association (NARFE) wants Senate and House hearings.

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