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Long Term Care FAQs

This material is intended for use by eligible Purdue University employees.

Basics

  • What is long term care insurance?
  • What does long term care insurance cover?
  • Who is eligible to apply for coverage?
  • What happens to my coverage if I leave Purdue University?
  • How do I learn more about the program?
  • Do I have to apply for coverage in order for my spouse, same-sex domestic partner, parents, or other family members to get coverage?
  • As a current benefits-eligible, actively-at-work Purdue University employee, do I have to answer any health questions when applying for coverage?
  • Who is the insurance carrier offering this long term care insurance coverage?
  • Can I upgrade my plan as time goes on?
  • If age 79 is the oldest age for a family member to apply for this program, does that mean the program ends when I (or they) reach age 80?
  • Can I apply for coverage anytime after the initial enrollment period and, if so, will I have to go through underwriting?
  • Will there be another open enrollment next year for the long term care insurance?

Premium

  • Is long term care insurance affordable?
  • Should I wait until I am older to buy it?
  • If I enroll now, will my rate increase annually, as I get older?
  • Once I am receiving benefits, do I have to continue to pay my premiums?
  • Do I have choices in how I pay for this plan?
  • Can premiums go up in the future? If so, under what circumstances?
  • If I die prior to using any of my benefits, will my premiums be returned to my estate?
  • Are there any tax implications or advantages to enrolling in LTC coverage?
  • Can employees pay their long term care premiums through their health savings account (HSA)?
  • What is the level of tax deductibility?
  • What is the procedure if I don't pay my premium on time?

Benefits/Claims

  • When will this program pay benefits?
  • What is an "elimination or waiting period" and how does it work for this program?
  • How is a claim filed?
  • What happens to the Total Coverage Amount (pool of money for eligible expenses) when a person receives benefits under this plan?
  • Will my group long term care insurance plan pay for care provided by family members, friends, neighbors, etc.? If so, how much will it pay for?

Actively-at-work Requirement

  • What is the requirement for coverage to go into effect?
  • What is the definition of "actively at work" for the purpose of applying for long term care insurance?