I am a retired federal employee and have a long term care policy through Federal Government. How will this help?

The federal long term care insurance program allows their members to choose long term care setting based on their preference. This program allows federal employees to purchase LTC with better financing options, it is also renewable, thus, an insurance company cannot cancel the coverage as long as you continuously pay your premium. Even if you retired, you can still keep your coverage by paying the premium religiously. You can find more information regarding federal long term care insurance here: http://www.infolongtermcare.org/federal-long-term-care-laws/

Hope this helps :)

Depends on which plan you selected. Check online at: http://www.ltcfeds.com/programdetails/cost.html