Long-Term Care Insurance
UNCA HR
Author
03/30/2020
Added
471
Plays
Description
Learn about the Long-Term Care plan available.
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- [00:00:06.753]Nearly two-thirds of people 65 or older will
- [00:00:09.822]need long term care services and support at some point.
- [00:00:14.579]The cost of long term care services can add up
- [00:00:17.299]to thousands of dollars…
- [00:00:18.919]money that may have to come out of savings.
- [00:00:23.329]The University of Nebraska offers benefits
- [00:00:26.444]to help pay your long term care expenses,
- [00:00:28.536]whether they are received at home,
- [00:00:30.336]in the community or in a nursing facility.
- [00:00:33.959]As a newly hired or active University of Nebraska employee,
- [00:00:38.423]you can buy coverage at competitive group rates
- [00:00:41.299]with streamlined underwriting, depending on your age.
- [00:00:44.289]The university’s Group Long Term Care Insurance Program
- [00:00:47.559]is underwritten by Genworth Life Insurance Company.
- [00:00:50.859]You can tailor your plan to meet
- [00:00:53.369]your individual needs and budget.
- [00:00:55.869]Here’s how to sign up.
- [00:00:57.545]Visit genworth.com/groupltc.
- [00:01:01.225]Use “Nebraska” for the Group ID
- [00:01:03.655]and “groupltc” for the access code.
- [00:01:06.555]Then you can proceed through the steps.
- [00:01:09.829]Step 1: Choose a daily benefit.
- [00:01:12.957]This is the maximum amount you’ll be reimbursed
- [00:01:15.411]each day for covered long term care expenses.
- [00:01:18.282]The amount varies depending on whether
- [00:01:20.854]care is offered in the home,
- [00:01:22.624]an assisted living establishment or a nursing facility.
- [00:01:26.624]Step 2: Select your total coverage amount.
- [00:01:30.624]This is the total amount of money available
- [00:01:33.158]to pay covered long term care expenses
- [00:01:35.613]over the lifetime of your coverage.
- [00:01:38.918]Step 3: Choose a benefit increase option.
- [00:01:42.568]This program protects you against the rising cost of care.
- [00:01:45.516]You can buy more coverage every three years over time
- [00:01:48.736]OR you can build in an automatic yearly
- [00:01:51.866]three or five percent increase for life.
- [00:01:55.894]To better understand the benefits and
- [00:01:58.004]features available to you,
- [00:01:59.887]contact genworth.com/groupltc.
- [00:02:04.653]You can also call 800-416-3624 to speak to an expert.
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