United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2006-12-29 monographic deposited born digital 34 p. GA 1.13:GAO-07-202 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-202 P0b002ee1803781f9 f:d07202 DGPO 2010-08-12 2011-03-23 GAOREPORTS-GAO-07-202 machine generated eng fdlp REPORT GAOREPORTS-GAO-07-202 GAO-07-202 Claims settlement Comparative analysis Elderly persons Insurance Insurance claims Long-term care Long-term care insurance Marketing Performance measures Program evaluation Program management Insurance benefits Federal Long Term Care Insurance Program Other Written Product A64507 Spending on long-term care services--about $193 billion in 2004--is expected to rise. In 2000, Congress passed the Long-Term Care Security Act, requiring the federal government to offer long-term care insurance. To do so, the Office of Personnel Management (OPM) contracted with Long Term Care Partners LLC (Partners) to create the Federal Long Term Care Insurance Program. This is the second of two reports required by the act on the competitiveness of the federal program. GAO's March 31, 2006, report, Long-Term Care Insurance: Federal Program Compared Favorably with Other Products, and Analysis of Claims Trend Could Inform Future Decisions (GAO-06-401), found that the federal program's benefits and premiums compared favorably with other plans, but enrollment and claims experience--the amount and number of claims payments--were lower than Partners expected. In this report, GAO compared the federal program's profit structure and marketing efforts with those of other plans and updated its analysis of the program's claims experience. GAO reviewed the contract between OPM and Partners and interviewed OPM, Partners, and insurance carrier officials, as well as actuaries and industry experts. GAO also analyzed data on claim payments for the federal program since it began in 2002. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-202/html/GAOREPORTS-GAO-07-202.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-202/pdf/GAOREPORTS-GAO-07-202.pdf GAO-07-202 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-202 Other Written Product GAO-07-202; Long-Term Care Insurance: Federal Program Has a Unique Profit Structure and Faced a Significant Marketing Challenge; Claims settlement Comparative analysis Elderly persons Insurance Insurance claims Long-term care Long-term care insurance Marketing Performance measures Program evaluation Program management Insurance benefits Federal Long Term Care Insurance Program Volume 114 Page 762 Volume 114 Page 765-766 Volume 114 Page 768 114 Stat. 762 114 Stat. 765-766 114 Stat. 768 Public Law 106-265