§9008 Administrative Functions

Summary

The Office of Personnel Management must write the rules needed to run this part of the law. It must work with insurance companies to hold regular, coordinated enrollments, promotions, and education activities. For certain eligible people named in paragraph (3) or (4) of section 9001, or their qualified relatives, the Office must make those rules together with the appropriate Secretary. The Office must also give every eligible person applying for long-term care insurance clear information to help them decide. That information must explain the main benefits and how they compare to other long-term care plans; example costs and whether the benefits will cover those costs, including how inflation will affect values and costs; rights to cancel and get a full or partial refund, projected lapse rates, how and when premiums may rise, the last 10 years of premium history for each carrier, and projected future premiums if costs are expected to go up; and how this insurance compares to other ways to save for long-term care.