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:
    1. 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.