Long-Term Care LTC is the type of care you may need if you couldn’t independently perform the basic activities of daily living: bathing, dressing, eating, or if you suffered severe cognitive impairment from a condition such as Alzheimer’s disease. Nordea Bank pays the entire cost of the Base Plan.
Employer Paid Benefit
Monthly Benefit Amounts
Nursing Facility Assisted Living Facility Total Home Care
Up to $6,000 Up to 60% of Nursing Facility Benefit Up to 50% of Nursing Facility Benefit
Benefit Duration
3 Years
36x The Facility Amount ($216,000)
Lifetime Maximum Benefit
Elimination Period
90 Days
Employee Paid Benefit
Monthly BenefitAmounts
Facility Benefit
$7,000 or $8,000
Benefit Duration
6 Years or Unlimited
Compound Inflation**
5%
Long-Term Care Buy Up Rates will be based on age. Rates will not increase as you get older. This benefit is portable. Evidence of Insurability may be required if applying for Buy-Up coverage.
Long-Term Care does not follow the same anniversary date as our other plans. There will be a separate open enrollment for this benefit.
2024-2025 Benefit Summary
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