Long-Term Care Insurance
A long-term care plan is designed to help cover the high and prolonged expenses commonly associated with a severe physical or cognitive incapacity. No one wants to think about needing long-term care. However, as accidents and illnesses that were once considered fatal become routinely survivable, it is becoming more important to consider. Why? Because people are living longer lives. And in spite of this longevity, many people are unable to take care of themselves and may require direct care and assistance. Since long-term care is not covered by medical plans, disability insurance, Medicare, or Medicaid, these expenses can quickly deplete individual and family resources.
The University has developed a partnership with Aetna Life Insurance Company to offer Long-Term Care (LTC) insurance for faculty, administrators, and staff. With Aetna, you can choose where to receive care, the involvement of family members in your care, and the amount of money you want available for your care.
Eligibility
To be eligible for the LTC plan, you must be actively at work or a retired faculty or staff member, an active or a retired faculty or staff member; who otherwise is considered benefit eligible but on a non-medical leave; the spouse of an actively at work or retired faculty or staff member (legally married to the spouse); the natural, adoptive or step-parent/grandparent of an active or retired faculty or staff member; or the natural, adoptive or step-parent of a spouse of an actively at work or retired faculty or staff member; and an adult child, 20 years of age or older, of an active employee or spouse.
Plan Options and Costs
Aetna offers you choices that are designed to meet individual needs:
- You can select a daily benefit amount, which determines the maximum amount of coverage your plan will provide to you each day. The amounts available are $100, $160, or $200 per day.
- You can choose the duration of your benefit or the maximum length of LTC coverage. The durations available are 3 years, 5 years, or 20 years.
Cost is based upon age and benefit option. There is a 10% discount on premiums if both the employee/retiree and their spouse enroll. An employee may make payments via payroll deduction for themselves and their spouse. All others are billed directly by Aetna.
Enrollment Period
Actively at work faculty and staff or retirees who enroll during the annual open enrollment period may do so without providing proof of good health. New employees may enroll within 30 days of hire/eligibility without proof of good health. A retiree, spouse of a retiree, spouse of an employee, parents and parents-in-law, grandparents and grandparents-in-law, and adult children may enroll anytime and will be required to complete a medical questionnaire, subject to approval by Aetna. Faculty, administrators, and staff members enrolling after the annual open enrollment period or after 30 days of hire/eligibility, may also enroll anytime, but will be required to complete a medical questionnaire subject to approval by Aetna.
Portability
Long-Term Care coverage is a portable benefit. This means you can maintain coverage at the same group rate if you choose to leave the University.
Contact Information
For more information regarding your choices and/or rates, to request an enrollment packet, or to speak with a long-term care specialist, please contact the Aetna Long-Term Care Insurance hotline at 1-800-537-8521 or visit Aetna's web site at www.aetna.com/group/notredame.
Quick Links
Long-Term Care Policy
Long-Term Care Summary
Plan Certificate
