Long Term Care Insurance
Voluntary Group Long Term Care Insurance Available Again
ENROLLMENT PERIOD: March 20 to April 14, 2017
The University of St. Thomas is pleased to announce the availability of a new program for Voluntary Group Long Term Care Insurance.
Why consider long term care insurance?
It covers expenses for long term care services received at home, in the community or in a nursing facility. Here are a few quick points to consider:
- Neither health nor disability insurance will cover this kind of care.
- Relying on government programs may not be a viable solution.
- Without insurance, the cost of these services may have to come out of your savings or income.
Learn what long term care insurance can do to help protect your financial future. As a benefits eligible employee, you can get this coverage for you and/or spouse at competitive group rates. Coverage under this program is portable, so it can move with you if you change jobs, retire or leave St. Thomas.
With this new program, there is streamlined or modified underwriting only if you are a full-time, benefits eligible, actively-at-work employee and apply during this enrollment period. So take advantage of this one-time opportunity. If you apply after this one-time special enrollment period, you will be subject to full underwriting. Note, however, that if you are age 66 or older, you will be subject to full underwriting regardless of when you apply for coverage. Spouses and other eligible family members ages 18-75 may apply for coverage at any time and will be subject to full underwriting.
We will be offering informational meetings. These meetings will include a 30-minute presentation followed by a Q&A session. See below for the schedule and locations:
|March 28: 10 am – ASC 238||March 29: 10 am – TMH 351|
|March 28: 12 pm – ASC 238||March 30: 3 pm – TMH 351|
|March 28: 3 pm – ASC 202|
|March 29: 12 pm – ASC 238|
|March 29: 3 pm – ASC 238|
If you are interested in attending one of these informational meetings, please register through The Leadership Academy: https://hrcrm.stthomas.edu/public_site/. During these sessions, you will have an opportunity to make an appointment for a one-on-one session with the presenter to further address your specific questions.
To see what this could mean for you, beginning March 20, go to: www.genworth.com/groupltc and use Group ID: UST and Access Code: groupltc. Or, to speak with a Program expert, call 800 416.3624.
Group Long Term Care Insurance is offered under Group Policy number 17459 on policy form series 7053, underwritten by Genworth Life Insurance Company.
For employees who currently have GLTC coverage under Transamerica or Genworth and have questions about their coverage, please contact Pam Devine at firstname.lastname@example.org or 952-277-0671.
Genworth Life Insurance Company (Genworth) has decided to discontinue new sales of the Group Long Term Care (GLTC) Insurance policy form 7046, which the University of St. Thomas (UST) currently offered to its employees. Genworth is exercising its right to discontinue UST’s group policy number 12033 as of December 1, 2016.