US Long-Term Care Insurance Enrollment Begins August 10
A good financial plan includes many parts and considers potential situations, both short-term and well into the future.
That’s why you should consider Long-Term Care (LTC) insurance as part of your personal financial plan. Long-Term Care is care you may need as you age, when you can no longer independently care for yourself. But it’s costly: The average cost of home care is $43,000 per year.*
Any health insurance you may have, disability coverage and Medicare won’t cover this type of care, which leaves your retirement savings as the potential source to tap into.
* U.S. Department of Health and Human Services
Protect Your Retirement Savings: Enroll in LTC Insurance Now
The annual Long-Term Care (LTC) open enrollment period starts Monday, August 10 and ends Friday, August 28. Employees eligible to enroll include:
- Newly eligible U.S.-based legacy HV employees:
- Those hired since the last enrollment period and who have satisfied the 6-month waiting period (hired between April 2, 2019 – February 10, 2020).
- All U.S.-based legacy HCC employees.
This special enrollment offers you one-time features, including:
- Reduced underwriting for eligible employees.
- Discounted gender-neutral pricing.
- Lowest premiums based on your age.
Note: This offer will not be available in the future with the same terms.
Your Coverage Options
Select a monthly long-term care benefit of:
- $2,100*
- $3,000
- $4,500
- $6,000
Then, select a 2-, 3-, or 5-year benefit period. Your monthly benefit multiplied by the benefit period is your total benefit. For example, if you selected a $3,000 monthly benefit with a 3-year benefit period, you would have $109,500 of total coverage. You also have the option of annual benefit increases for inflation protection over time.
* Minimum $3,000 monthly benefit for NY residents
How to Enroll
Log in or register with the LTC insurance website.
- Log in: Use your work email as your username, and enter your password.
- Registering for the first time: Create an account using the username (your work email address) and temporary password provided in the LTC email you received on August 10.
Questions or need a one-on-one consultation? Contact your LTC enrollment team at 1-800-229-1841.