The Federal Long Term Care Insurance Program, or FLTCIP, offers stay-at-home benefits, alternate plans of care, caregiver training, provisions for informal caregivers and international benefits for members living overseas. Long term care insurance covers costs associated with living in a nursing home, assisted living facility, adult day care facility or receiving care at home, per the FLTCIP website.
All Federal long-term care insurance policies come with a daily benefit amount, benefit period and a 90 day waiting period, notes the FLTCIP website. The daily benefit amounts range from $100 to $450, with benefit periods of two years, three years, five years or unlimited time.
Stay-at-home benefits cover costs related to home modifications, installing an emergency medical response system, training caregivers, home safety checks and medical equipment. Coverage extends to seven times the daily benefit amount if a friend or family member requires caregiver training, according to the FLTCIP website.
If a caregiver needs time off, Federal long-term care policies offer respite care of up to 30 times the daily benefit amount. International benefits cover up to 80 percent of benefit amounts for people who are living or need temporary care abroad, states the FLTCIP website. Any denied claims are eligible for review by an independent third-party.