In this episode, Katelyn and Dan explore key considerations for federal employees and veterans planning—covering the Federal Long Term Care Insurance Program, eligibility requirements, pros and cons of coverage, and alternative options like private plans or self-insuring. They also dive into retirement strategies for veterans transitioning to federal service, including how military pensions interact with FERS, TSP coordination, Tricare and FEHB eligibility, and programs like FEGLI designed to maximize benefits in retirement.
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The Fed15 Podcast: Is FLTCIP Worth It? Plus, Retirement Strategies for Veterans in Government
Katelyn breaks down the Federal Long Term Care Insurance Program, explaining why it was created, what it covers, who is eligible, and the current enrollment freeze. She weighs the pros—such as group rates—against cons like rising premiums and helps listeners evaluate whether the program fits their retirement goals. She also explores alternatives, including self-insuring and private long-term care options.
Dan then covers retirement planning for veterans transitioning to or currently in federal civilian service. He explains how a military pension interacts with FERS benefits, the coordination of military and civilian TSP accounts, and eligibility for Tricare and FEHB. He also discusses strategies to maximize these benefits, including FEGLI and other programs available to veterans, and wraps up with additional thoughts on long-term care.
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