The Role of the U.S. Office of Personnel Management
Involvement from the Beginning
The Long Term Care Security Act (P.L. 106-265) authorized the U.S. Office of Personnel Management (OPM) to serve as both sponsor and regulator for the Federal Long Term Care Insurance Program (FLTCIP).
OPM awarded the contract for the FLTCIP's first seven-year contract term to a consortium formed by John Hancock and MetLife. In May 2009, OPM awarded the contract for the FLTCIP's second seven-year term to John Hancock Life and Health Insurance Company.
Ongoing OPM Oversight
OPM regulates the FLTCIP and plays an important role in ensuring that the FLTCIP remains up-to-date and competitive, which is a valuable benefit not found outside the FLTCIP.
In this role, OPM serves as a voice for enrollees and potential enrollees, making sure Long Term Care Partners adheres to the highest customer service levels.
To learn more about OPM's involvement with the Federal Long Term Care Insurance Program, visit their website at: http://www.opm.gov/insure/ltc/.