[Code of Federal Regulations]
[Title 5, Volume 2]
[Revised as of January 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR875.406]

[Page 425]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
          CHAPTER I--OFFICE OF PERSONNEL MANAGEMENT (CONTINUED)
 
PART 875_FEDERAL LONG TERM CARE INSURANCE PROGRAM--Table of Contents
 
                           Subpart D_Coverage
 
Sec. 875.406  May I change my coverage?

    (a) You may make the following changes to your coverage:
    (1) You may apply to increase your coverage at any time. Full 
underwriting is required, except when an open season allows abbreviated 
underwriting.
    (2) If you increase your coverage by adding to your daily benefit 
amount, the premiums for the additional coverage will be based on your 
age, prevailing premium rates, and coverage rules in effect at the time 
you purchase the additional coverage.
    (3) For other types of coverage increases, your entire premium will 
be based on your age, prevailing premium rates, and coverage rules in 
effect at the time you purchase the increased coverage. Any increase in 
coverage will take effect on the 1st day of the month following the date 
the Carrier approves your request for an increase.
    (b) You may decrease your coverage at any time, although any 
decrease will be subject to coverage rules at the time of the decrease. 
Decreased coverage takes effect on the 1st day of the month after the 
Carrier receives your request. You will not receive any refund of 
premiums paid for coverage you held before the decrease; however, your 
subsequent premiums will be reduced based on your new, lower level of 
coverage. The Carrier will refund or credit any portion of premium paid 
in advance for the period following the date on which you decrease your 
coverage.
    (c) You may cancel your coverage at any time.
    (1) If you cancel during the free look period, your premiums will be 
refunded to you.
    (2) If you cancel your coverage at any time other than during the 
free look period, cancellation will take effect on your requested 
cancellation date or at the end of the period covered by your last 
premium payment, whichever occurs first. You will not receive any refund 
of premiums paid, other than any premiums paid in advance for the period 
following the effective date of your cancellation of coverage, and you 
will not have to pay any more premiums unless you owed retroactive 
premiums.