UT Benefits for Retired Employees
Group Long-Term Care (LTC) for Retired Employees
The fully insured group long-term care (LTC) insurance is offered to you through CNA. LTC insurance provides funds for necessary services when an individual becomes incapable of caring for himself or herself. Covered services can vary depending on the individualís condition and can range from assistance in the home with day-to-day activities to care provided in a nursing home. It is important to note the need for long-term care does not just affect the elderly. The need for long-term care can occur at any age. Also, keep in mind this type of care is not covered by disability insurance. In addition, health insurance and Medicare will only pay for limited amounts of care. Medicaid does pay for LTC but only after you have spent most of your financial assets.
The LTC plan is available to you and your dependent spouse. Your spouse may apply without your having applied for coverage. Evidence of insurability (EOI) is required.
LTC coverage is portable, so if you leave your employment with UT System, you can keep your LTC coverage, and your premium will remain the same.
Long-Term Care Benefit Summary
|Daily Maximum Nursing Home Benefit
|Daily Max for Community Based Care
|Lifetime Maximum Benefit
To help counter the effects of inflation, you may elect either the guaranteed benefit increase option (GBO), which will offer periodic opportunities to increase (buy-up) your existing coverage, or the optional lifetime automatic benefit increase (ABI). If ABI is chosen, on each anniversary of your coverage effective date CNA will increase each benefit amount in effect by 5%.
Enrollment in LTC cannot be done through My UT Benefits. You must enroll with CNA enrollment materials. For information or to order a complete package of information including enrollment materials, please call CNA Customer Service at (888) 825-0353. Additional information is also available at www.ltcbenefits.com/uts or your institution Benefits Office.