2018 Officers - Long Term Care Insurance

Long-Term Care (LTC) Insurance, offered by Genworth Life Insurance Company of New York (Genworth Life), can help you and your family pay some of the costs associated with long-term nursing home or home healthcare services that are not covered by traditional medical insurance or Medicare. As a newly hired Officer, this is your opportunity to enroll in LTC through a streamlined application, if you are under age 66.

LTC Insurance is available to you, your spouse, your domestic partner, your parents/ parents-in-law, grandparents/ grandparents-in-law and adult children. You do not need to be enrolled in LTC in order for a family member to apply for this coverage. Once you or a family member are approved for the LTC benefit, coverage is guaranteed as long as the premiums are paid. The cost of LTC coverage depends on the level of coverage you choose and your age when your application is signed. The younger you are when you enroll, the lower your premium.

CONTACT
For information on eligibility and restrictions, or to apply for coverage, visit Genworth Life 
or call 800-416-3624.


How LTC Insurance Works

LTC pays part of the daily cost of services designed to help a person perform certain activities of daily living such as bathing, eating and dressing. The covered person will receive reimbursement for covered care expenses up to a percentage of the daily maximum benefit, depending on the type of care he or she receives For Example:
  • Nursing home or alternative care facility – 100% of daily maximum benefit
  • Home healthcare or adult care services – 75% of daily maximum benefit
  • Informal care such as light housekeeping or shopping – 25% of daily maximum benefit, up to 30-day annual maximum.

You can elect a daily maximum benefit of $100, $150, $200 or $250. 

For additional information, please view the educational video:

Evidence of Insurability

Newly hired or newly eligible? Please consider your unique opportunity to elect LTC within 60 days of your date of hire through a streamlined application. If you are age 18-65, you can apply for LTC with a streamlined application within 60 days of eligibility. If you are age 66 or older, you must provide full Evidence of Insurability (EOI). All eligible family members applying for LTC must provide full EOI All LTC applications must be approved by Genworth Life.