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Long Term Care Insurance

 

Administered by Med-America Insurance Company. Phone toll free at 1-866-615-5824

Long-term care is a variety of services provided when an individual is unable to take care of themselves without the assistance of others due primarily to an injury, chronic illness, advanced age or cognitive impairment. This loss of functional capacity requires that the individual receive personal care services because they are not able to perform activities normally associated with daily living. What are the activities of daily living? — bathing, dressing, transferring (getting in and out of a bed or chair), eating, toileting and continence. In cases of cognitive impairment these maintenance activities may involve supervision of the individual. Covered individuals qualify for benefits by demonstrating the inability to perform two of the activities of daily living or by suffering from cognitive impairment.

Long-term care insurance does not pay medical bills — that's the purpose of health insurance or Medicare. Long-term care insurance also does not replace income — continuing income is provided by a retirement plan, disability coverage or social security. What long-term care insurance does do is cover services associated with daily activities of living to help you keep your independence and stay in control of your care.

Employees may apply for Long Term Care Insurance coverage during Annual Enrollment. You will be required to answer medical questions and MedAmerica must approve coverage. MedAmerica will determine the effective date of coverage. You may obtain information and apply for coverage by speaking with a customer service representative at MedAmerica Insurance Company at 1-866-615-5824 or on-line via the website at www.ltc-tn.com.

Enrollment

New employees have 90 days to enroll and have guaranteed issue of coverage. Employees may sign-up for coverage over the phone by speaking with a customer service representative at MedAmerica Insurance Company at 1-866-615-5824 or on-line via the website at www.ltc-tn.com. The employee's spouse, eligible dependent children (18 years and older), parents and parents-in-law may also apply for coverage; however, they must provide information about their health status. After the initial guaranteed issue period, employees may still apply for coverage, but will be subject to the same medical underwriting review for approval to participate.

Premiums

The premiums for long-term care insurance are based on your age at the time of enrollment. Therefore, the younger you are when you apply, the lower your monthly premium will be. View the Premiums for Long-Term Care Insurance.

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