Life Insurance with LTC

Life Insurance with LTC

Overview

Protecting your loved ones is one of life’s greatest responsibilities. When a family loses someone, in addition to grief, survivors may suddenly be faced with costly expenses and debts and even a loss of income. You may also, at any point in your life, need long-term care services, which could cost hundreds of dollars per day. Many families would have trouble paying for living expenses if they lost their primary earner.

 

Life Insurance with Long-Term Care benefits combines life insurance with living benefits, which can be utilized for long-term care taking place in home healthcare, adult day care and assisted living facilities. Many people have concerns about protecting their families' future should something happen to them. Adding to these concerns is the likelihood that they will need LTC. Life Insurance with living benefits provides an answer to both of those worries. Buying LTC insurance may be cause for hesitation due to the cost or fear of not utilizing the benefits, but this product does not create a "use it or lose it" situation. Regardless of whether you collect LTC benefits, the beneficiary will receive a death benefit.

Learn More Or Enroll

Open Enrollment 10/16 – 10/27

 

 

Access Policy Information

You can access your policy information and file claims 24/7.

Tell Me More

You will need to answer health questions during enrollment. As a qualifying new hire, you have 30 days from the date you become benefit eligible to enroll with Guaranteed Issue.

Eligible associates include:

  • Active full-time associates aged 18-64 who are scheduled to work 30 or more hours per week, have 30 days to enroll after 30 days of employment.
  • Active part-time associates between the ages of 18-64 who are scheduled to work 16 or more hours per week, have 30 days to enroll after 90 days of employment.

 

 

Contact Us

Phone
1-866-579-2432
Hours
M-F 6a-5p PT
Email
info@yourcare360.com

How It Works

*The LTC benefit can be extended for an additional 25 months with Extension of Benefits.

FAQs

Answers about the plan, including eligibility, options, enrollment, customer service and more.

  • Who is the provider?

    Your employer has made arrangements with Mercer Voluntary Benefits to offer you access to a Life Insurance with Long-Term Care benefit. This service will help your needs and offer you options from Trustmark.
  • How can this help me?

    The Life Insurance with Long-Term Care benefit combines the benefits of life insurance with living benefits which can be utilized for long-term care taking place in home healthcare, adult day care and assisted living facilities. This can help you protect your families’ future with end-of-life benefits and provide a benefit to you should you need LTC services.

     

    You may be hesitant to buy LTC insurance because of the cost or fear of not utilizing the benefits, but this product does not create a “use it or lose it” situation. Regardless of whether you collect LTC benefits, the beneficiary will receive a death benefit.

  • When can I enroll?

    You can enroll throughout the year while being subject to health questions. As a qualifying new hire, you can enroll without answering health questions during the annual new hire enrollment period.
  • How much will this coverage cost?

    Your cost is based on several factors including your age, any special features you select, and the amount of coverage you want.
  • What if my employment status changes?

    When you leave or retire from your current employer, you can continue your coverage without interruption. Although payroll deduction will no longer be available if you retire or leave your company, you can opt for bank account deduction.
  • Won’t the Federal Government pay for my Long-Term Care?

    Medicare provides minimal financial support for LTC services. Medicare was designed to pay for acute medical conditions and post-rehabilitative care; it was not intended to pay for costs associated with LTC. To qualify for nursing home care under Medicare, a three-day hospital stay is required, and care must be rehabilitative in nature. If these conditions are met, Medicare will pay for the first 20 days. Days 21-100 require a co-payment. There is no coverage after day 100.

Mercer's Role & Compensation

Details of Mercer disclosure of the compensation.