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OFFICE OF PERSONNEL MANAGMENT (OPM) PLAN
The Federal Government's group long term care insurance plan has probably done more to advertise the benefits of long term care insurance than any other single promotion. During last year's Open Season, active federal government employees could enroll with limited underwriting (one only needed to answer seven health questions). While the OPM plan is good, so far as group plans go, it suffers the same limitations of all group plans. Prospective applicants to the government plan are advised to compare their options with private sector individual plans. Depending on one's age, health history or marital status, an individual plan might offer more benefits for less cost than the group plan.
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