Sign up for the Federal Long-Term-Care Insurance Program?

Federal employees should compare their options before enrolling in the nation's largest group plan.

I’m a 58-year-old federal employee, and I am considering signing up for the federal employees' long-term-care insurance program. Is it a good deal?

It’s always worthwhile to take a look at your options if your employer offers long-term-care insurance. Although employers do not subsidize premiums the way they shoulder some of the cost of traditional health insurance, you may benefit from a group policy discount. Some employers offer group plans that ask limited medical questions, which could make it easier to qualify for coverage than it would be if you bought a policy on your own.

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Kimberly Lankford
Contributing Editor, Kiplinger's Personal Finance

As the "Ask Kim" columnist for Kiplinger's Personal Finance, Lankford receives hundreds of personal finance questions from readers every month. She is the author of Rescue Your Financial Life (McGraw-Hill, 2003), The Insurance Maze: How You Can Save Money on Insurance -- and Still Get the Coverage You Need (Kaplan, 2006), Kiplinger's Ask Kim for Money Smart Solutions (Kaplan, 2007) and The Kiplinger/BBB Personal Finance Guide for Military Families. She is frequently featured as a financial expert on television and radio, including NBC's Today Show, CNN, CNBC and National Public Radio.