June 2013 > Be a Wise Healthcare Consumer
Be a Wise Healthcare Consumer
New Contract Awarded for Long Term Care Insurance
Following a recent Request for Proposals (RFP) process, a new contract has been awarded to Continental Casualty Company (CNA) to continue offering Long Term Care insurance to benefits eligible employees, retirees, dependents, and certain other eligible family members. The effective date for the new contract will be September 1, 2013.
Employees Not Presently Enrolled in Long Term Care
Current employees not presently enrolled in the LTC plan will have a special opportunity to enroll in the LTC plan this Annual Enrollment without having to submit Evidence of Insurability (EOI) to prove good health status. The guaranteed issue of coverage applies only to employees. Employees’ spouses, retirees and their spouses, and any other eligible family members who are not currently enrolled in the LTC plan will need to complete and pass EOI in order to enroll in LTC insurance.
Current Long Term Care Enrollees
All individuals presently enrolled in the LTC plan may remain enrolled in the current plan. During the July 2013 Annual Enrollment period, these individuals will also have a special opportunity to buy up to a higher level of coverage without having to submit EOI. In early July, all current LTC enrollees will receive a personalized letter from CNA describing your buy up options.
More Information Coming Soon
The Office of Employee Benefits is pleased with the results of the competitive bid process and, in particular, is glad that the selection of CNA provides uninterrupted coverage options for current participants. Watch for more details regarding the new LTC plan in next month's A Matter of Health newsletter and during Annual Enrollment in July 2013.