LONG TERM CARE BENEFITS
Long Term Care (LTC) insurance is important for people of all ages if they want to preserve financial security and independence in the event of an extended disability.
Despite popular misconceptions, the need for long term care isn’t restricted by the elderly, because many working age adults have disabling injuries as well as illness.
Because we understand what an important benefit LTC can be, M.E. Wilson pays for 100% of the Plan A premium. If you would like additional coverage, you have the option to “buy up” to Plan B, C or D at your own expense.
Long Term Care Plans
Long term care facility $2000 monthly benefit amount 3 year benefit duration 100% professional home care 90 day elimination period Long term care facility $4000 monthly benefit amount 4 year benefit duration 100% professional home care 90 day elimination period Long term care facility $5000 monthly benefit amount 6 year benefit duration 100% professional home care 90 day elimination period Long term care facility $6000 monthly benefit amount 6 year benefit duration 100% professional home care 90 day elimination period
Plan A
Plan B
Plan C
Plan D
With each plan you also have the option of adding 100% total home care and simple inflation.
100% Total Home Care – provides financial help in the event you need care at home or another similar place due to a chronic illness.
Simple Inflation – non-compounding inflation at 5% annually
For “buy up” options, please refer to the rate grids found on the network shared drive at I:\Employee Information\BENEFITS\2019\UNUM LTC Enrollment Kit
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