long term care
stay in control and protect your assets
Long-term care insurance provides you with a monthly benefit for services needed if age, injury, illness, or a cognitive impairment makes it challenging for you to take care of yourself. Those services are generally not covered by health insurance or Medicare.
You have two options:
Long-term care plus life insurance through Trustmark
Long-term care insurance through UNUM
WA Cares Fund
Starting July 1, 2023 (delayed from January 1, 2022) everyone working in Washington State will pay premiums via payroll tax to fund Washington State’s Long-Term Services and Supports Trust Program (WA Cares Fund).
Read more about the delay and additional changes made during the 2022 legislature here. For up-to-date information visit the WA Cares Fund website.
premium exemption:
You can apply for a premium exemption and opt out of the State program if you purchased long-term care insurance prior to November 1, 2021. If you are approved, you will receive an approval letter from ESD. You are required to provide us with the exemption approval letter to stop withholding premiums. If you fail to present your ESD approval letter, we will withhold non-refundable WA Cares premiums.
For more information about WA Cares Fund visit WA Cares Fund website or call 833.717.2273.
Long-term care PLUS life insurance
Trustmark’s LifeEvents insurance provides you with two benefits: a long-term care benefit and a death benefit.
ENROLLMENT
WHO CAN ENROLL?
You - if you are a regular full-time, part-time, and limited assignment employee, working at least 20 hours per week and/or your spouse.
WHEN CAN I ENROLL?
If you enroll within 31 days of being hired or promoted into an eligible position, you are guaranteed coverage in the amount up to $125,000 without medical questions asked. You can enroll later or buy coverage exceeding the amount guaranteed to you with proof of good health (evidence of insurability). You do NOT have to enroll yourself in order to enroll your spouse.
How much does it cost me?
It depends on how much coverage you purchase and your age. Visit Trustmark’s web portal or call 866.240.7626 or email for a quote personalized for you.
how much long-term care plus life insurance coverage can i purchase?
You have the option to purchase insurance coverage in increments of $25,000, up to a maximum of $300,000.
CAN I MAKE CHANGES?
You can increase (subject to evidence of insurability), decrease, or cancel your long-term care policy at any time. Please contact Trustmark at 800.918.8877 to make changes to your existing policy or if you have questions.
what is my benefit?
A long-term care plus life insurance plan provides you with two benefits: a long-term care benefit and a death benefit.
Death benefit: Lump sum payment equal to purchased insurance coverage amount (reduced to 1/3 at age 70).
Long-term care benefit: Monthly payment equal to 4% of the insurance coverage amount for a maximum duration of 25 months.
Let me give you an example:
Let’s say you purchase insurance in the amount of $100,000.
If you die, your beneficiaries will receive $100,000.
If you need long-term care, you receive $4,000 per month (4% of $100,000) for up to 25 months.
SIGN ME UP!
Follow these step-by-step instructions and visit Trustmark’s web portal for resources and to enroll.
CONTACT INFO:
866.240.7626
long-term care insurance
UNUM’s long-term care insurance provides you with a long-term care benefit.
ENROLLMENT
WHO CAN ENROLL?
You - if you are a regular full-time and limited assignment employee working 40 hours per week, your spouse, parent or grandparent, sibling or child (minimum age 18) .
WHEN CAN I ENROLL?
If you enroll within 30 days of being hired or promoted into an eligible position, you are guaranteed coverage. You can enroll later or buy coverage exceeding the amount guaranteed to you with proof of good health (evidence of insurability). You do NOT have to enroll yourself in order to enroll your spouse or your family.
How much does it cost me?
It depends on how much coverage you purchase and your age. Use the long-term care calculator to estimate your cost.
what is my benefit?
Benefits depend on which plan you enrolled in and the monthly benefit amount and benefit duration you chose when you enrolled.
SIGN ME UP!
Visit UNUM’s long-term care website, specifically prepared for Grant PUD employees, and follow these step-by-step instructions.
Forms you will need to complete for yourself and for each family member seeking coverage:
Send both forms directly to UNUM:
Unum Life Insurance Company of America
LTC Department
2211 Congress Street
Portland, ME 04122
Please do NOT send these forms to Human Resources.