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ABOUT LTCP

HISTORY & BACKGROUND

ABOUT THE U.S. OFFICE OF PERSONNEL MANAGEMENT

ABOUT JOHN HANCOCK & METLIFE

CORPORATE LEADERSHIP

History & Background

The Federal Long Term Care Insurance Program

The Federal Long Term Care Insurance Program (FLTCIP) was created by the Long-Term Care Security Act of 2000. This legislation, which was signed into law by President Clinton in September 2000 (Public Law 106-265), provided the framework for the establishment of a private LTCI plan for federal and postal employees and annuitants, active and retired members of the uniformed services, spouses and other qualified relatives. The legislation, which enjoyed bipartisan support, authorized the creation of a voluntary federal group LTCI program on a competitive basis. It also authorized the U.S. Office of Personnel Management (OPM) to serve as sponsor, contracting agency and regulator.

OPM then held a competitive bidding process, and on December 19, 2001, announced that they had selected a consortium formed by John Hancock Life Insurance Company (John Hancock) and Metropolitan Life Insurance Company (MetLife) to offer the insurance under the program. John Hancock and MetLife in turn formed Long Term Care Partners, LLC, a new company dedicated to administering the FLTCIP.

BENEFEDS

In the fall of 2005, OPM asked Long Term Care Partners to develop BENEFEDS, a secure, web-based portal enabling Federal Family members to enroll in and manage their new FEDVIP (Federal Employees Dental and Vision Insurance Program) coverage. The BENEFEDS portal launched on November 13, 2006.

© 2007 Long Term Care Partners, LLC, 603-430-6401, webmaster@ltcpartners.com