The University of St. Thomas’ new provider for its Voluntary Group Long-Term Care Insurance benefit is Genworth. In connection with this change, benefits-eligible employees age 65 or younger have a time-limited opportunity to obtain long-term care insurance as a guaranteed issue, which means no medical pre-existing condition restrictions will apply for individuals who elect this benefit during the March 26 to April 27, 2012 enrollment period. Following this initial enrollment period, the insurance will continue to be available for purchase without the guaranteed issue, and normal underwriting restrictions will apply.
Long-term care insurance is designed to pay for a variety of in-home, assisted living and nursing home services to individuals unable to care for themselves due to an accident, illness or the effects of aging. St. Thomas makes this benefit available to all benefits-eligible employees (i.e., active employees working in a regular position and approved to work at least 25 hours per week). Employees who elect the benefit are responsible for paying all premiums for this benefit.
Within the next few weeks, Genworth will send a letter to your home providing more information about the insurance coverage options and premium costs. It also will direct you to a dedicated website and toll free number should you wish to learn more about this benefit and how employees, spouses and other eligible family members may enroll.
Educational sessions also will be held on the St. Paul and Minneapolis campuses during March and April. If you would like to attend one of these sessions, please sign up through The Leadership Academy.
Educational session dates and times are:
St. Paul Campus
|March 27||3-4 p.m. and 5-6 p.m.||MHC 152|
|March 28||11:30 a.m.-12:30 p.m.||MHC 155|
|April 16||11:30 a.m.-12:30 p.m.||MHC 155|
|April 17||9-10 a.m. and 11:30 a.m.-12:30 p.m.||MHC 155|
|March 26||11:30 a.m.-12:30 p.m. and 3-4 p.m.||TMH 401|
|April 17||4:30-5:30 p.m.||TMH 301|
|April 18||Noon-1 p.m.||TMH 255|
|April 19||9-10 a.m.||TMH 401|
This provider change will not impact employees who previously have purchased long-term care insurance through other providers. These employees will have the opportunity to change their provider to Genworth if they wish, given their individual circumstances, but will have no obligation to do so.
If you have any questions about this change or the long-term care insurance benefit, contact the HR-Benefits team:
Deb Sagstetter, Rewards and Recognition Manager
Stephanie Monogue, Benefits Specialist
Jennifer Easton, Temporary Benefits Coordinator