University of Minnesota
Office of Human Resources
http://www.umn.edu/ohr
612-625-2016

Long-term Care Coverage

Contact Information
New Program

LifeSecure Insurance Company

LifeSecure website

Plan-at-a-Glance

Talk to an enrollment professsional: 855-549-8911

Educational Materials

Listen to a recorded PowerPoint meeting presentation for more information

Long-term Care Meeting Presentation

Frequently Asked Questions

Contact Information Previous Plans

John Hancock

Preview of changes

uplanltc.jhancock.com

  • username: uplanltc
  • password: mybenefit

800-968-6555

CNA Insurance

866-308-0253

The University of Minnesota added a new long-term care insurance program with LifeSecure Insurance Company, a wholly owned subsidiary of Blue Cross Blue Shield of Michigan, the largest BCBS organization in the United States.

Long-term care insurance pays for care that you need when you cannot safely care for yourself, whether that care is received at home, in the community, or in a nursing home. The cost of long-term care services today is around $79,935 a year* and is projected to be $340,000 a year in 30 years.** Medicare, health insurance, and disability insurance do not cover long-term care services.

* U.S. Department of Health and Human Services: www.longtermcare.gov
** Genworth 2013 Cost of Care Survey

Long-term care insurance is designed to protect your retirement assets. Without long-term care insurance you would have to pay for needed care out of your savings. For most of us, that would mean tapping into retirement plans, IRAs, or other savings.

Eligibility and Enrollment

You need to be actively at work for a minimum of 20 hours per week to be eligible for long-term care insurance.

  • Newly hired employees between the ages of 18 to 65 have 90 days from their date of hire to apply for coverage with simplified underwriting. Spouses/same-sex partners must show evidence of being actively at work on a full-time basis** to be eligible for simplified underwriting. If you enroll after 90 days, you will have to complete full medical underwriting to get coverage.
  • Newly hired employees between the ages of 66 to 79 can apply for coverage with full underwriting.
  • Current employees between the ages of 18 to 79 can also apply with full underwriting.
  • Eligible family members including spouses/same sex domestic partners, parents, grandparents, in-laws, adult children (18 and over), and siblings can apply with full underwriting.

**Actively at work on a full-time basis means the applicant is between ages 18-65, is a W2 employee who is regularly working 20 or more hours per week at their usual place of employment and has not been absent from work for longer than five days during the 30 days prior to signing the application. LifeSecure requires a check stub to verify employment for the spouse/same-sex partner.

Benefit Bank and Monthly Benefit Access Limit

You choose an amount between $100,000 and $1 million for your Benefit Bank. (Policy benefits above $400,000 require full underwriting.) Your Monthly Benefit Access Limit represents the dollar benefit amount available on a monthly basis for your long-term care needs and is calculated as a percentage of your Benefit Bank.

For specific coverage and premium details, refer to the Plan-at-a-Glance document and the LifeSecure website.