Huge News! More Benefits!
SDPEBA/SDCPOA is excited to announce a new benefit for all of its members: Long-Term Care Insurance with Unum.
Enrollment begins today, and if you enroll before December 15th the plan is guaranteed issue, meaning employees cannot be denied coverage.
Click here to Schedule a Long-Term Care Call
Long-term Care Insurance with Unum
We’re currently starting a new guaranteed issue period offering four comprehensive plans that offer unique benefits that can fit any budget and can cover you in case long-term care services are required.
Open enrollment begins today, however guaranteed issue ends December 15th, 2020. Be sure to sign up as soon as possible.
In honor of LTC Awareness Month, we’ll also be hosting two digital seminars with Q&A:
-November 18th, 2020 -- 12:00-12:30 with Q&A from 12:30-1:00pm - Click here to RSVP!
-December 2nd, 2020 -- 9:00-9:30 with Q&A from 9:30-10:00am - Click here to RSVP!
Plan Highlights
-These plans feature group rates that lower your premium costs. Our group plans are 40% less than most individual plans!
-Provides benefits that cover both in home and at a home services.
-This plan is 100% portable and will follow you between jobs and when you retire.
-Its guaranteed issue! Meaning, so long as you sign up before December 15th, you can qualify for up to $6,000 for 6 years without risk of being turned away.
-This plan is also payroll deductible and can be expanded to include any member of your family (note, the GI offer only applies directly to SPDEBA/SDCPOA employees).
-This plan offers 5% compound inflation options with no cap, meaning your benefits grow over time.
-The plan offers a minimum monthly coverage of $3,000 and a maximum monthly coverage up to $8,000
-The plan also allows you to choose between 3-year, 6-year, and unlimited benefit duration.
For more information about LTC click here.
What is Long-Term Care Insurance, and why would I need it?
Currently, 14 Million Americans pay for long-term care services. That number is expected to grow to 27 million in the next 30 years due to advancements in medicine that prolong and sustain life. The average recipient of long-term care services pays a total of $250,000 during the most vulnerable years of their life*.
Long-term care refers to the care you need when you can no longer perform routine activities that most people don’t give a second thought: things like bathing, dressing, eating, or getting out of bed. This is the kind of care given to people who suffer from illness, injury, or old age.
These services are often expensive and put a financial burden on both the individual and their friends and family. However, there are coverage options available to you should you need long-term support services.
Long-term Care Insurance is insurance that covers you in case you need long-term care services, and unfortunately, it is considered one of the most-difficult types of insurance to get today.
Which is why we’ve partnered with Unum to provide access to a new guaranteed issue LTC insurance plan for all SDPEBA members.
Click here to Schedule a Long-Term Care Call
If you have any questions about Unum or any of your other benefits check out our support page where you can ask us questions directly. You can also email us at [email protected] or give us a call at: 888-315-8027.
*Information taken from American Association for Long-Term Care Insurance.