Considering Long Term Care Insurance?
Perhaps you have an aging parent or have seen an elderly relative or friend struggle with chronic health issues. Long term care insurance may be something to consider. It provides financial assistance in the event that you, your spouse, same-sex domestic partner, parents, parents-in-law, grandparents, or grandparents-in-law need medical and personal care for a chronic health condition or disability. This benefit could give you and your family much-needed health and financial security during retirement.
What is Long Term Care Insurance? Long Term Care insurance offers services that help with normal daily activities, and may be provided in the home, the community, in assisted living or in a nursing home. The university offers group Long Term Care insurance to eligible faculty and staff through CNA. You may purchase it for yourself, as well as family members.
The plan covers the following services:
- Nursing home care
- Home health care
- Adult day care
- Assisted living care
- Adult foster care
- Personal care
- Maintenance care
- Hospice care
- Emergency alert systems
- Caregiver training
- Alternate care plans
Our partner, CNA, has recently updated their offering. Now there are two basic Long Term Care plans available. If you are currently enrolled in Long Term Care insurance, you may continue with your current plan or upgrade to the new plan.
For more information, check out the myChoices tab on the Benefits website, or visit one of our Benefits Fairs.