Long Term Care Insurance
Effective January 1, 2019
Genworth is closing enrollments into the current University of Chicago group long-term care policy.
All plan participants as of December 31, 2018, will remain unaffected as long as the required premiums continue to be paid.
- Coverage will not change for participants currently on the plan.
- Participants currently on the plan If you terminate the plan you cannot re-enroll.
- Coverage is portable and premiums will not increase if you change jobs, retire or leave the University as long as premiums are paid.
The University of Chicago will continue to offer Group Long Term Care Insurance through Genworth Financial to those enrolled prior to December 31, 2018. This benefit will provide significant support to faculty or staff members when needed due to a long-term illness, recovery from an accident or illness, or advanced aging.
Long term care (LTC) insurance will help manage the cost of long term care by covering skilled, intermediate and custodial care in your home, an adult day care center, an assisted living facility or a nursing home. LTC support can include help getting dressed, eating, bathing or self-administering medication. LTC insurance provides coverage for services when they are required for an extended period of time and are not associated with acute care or short-term illness.
Enrolled participants can contact Genworth directly at (800)416-3624, Monday through Friday, 7 a.m. - 7 p.m. for additional information.