We don't know. We plan to sign a contract with our insurance partner(s) soon. As part of the contract negotiations for this program, we will ask the successful contractor(s) what it can do in terms of offering a credit toward or favorable conversion to the Federal program to people who already have one of their private policies.

However, we do know that if your private policy is with a company other than the company(ies) we contract with this fall, you will not be able to receive any sort of credit toward the Federal program. That's because we can only negotiate such terms with companies we'll be contracting with. Of course, if you decide to enroll in the Federal long term care insurance program, you can always choose to simply abandon your private policy.

The next question is usually "what company(ies) are you going to contract with so I can buy a private policy from that company?". Again, we don't know. We have to wait until we receive and evaluate the proposals and choose our insurance partner(s).

We won't have any more details about this issue until after we sign a contract.