Transcript Long-Term Care Insurance What is long

Maricopa Community Colleges
Faculty Association
Long-Term
Care
Insurance
SUPPLEMENTARY BENEFIT of Membership
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MCCFA BENEFITLONG-TERM CARE
INSURANCE
What is long-term care insurance?
Provides a funding source for:
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Home care services
Respite care for family caregivers
Assisted living apartments
Skilled care/ nursing home
Care in a memory care center
Nursing and therapy services in the home or a facility
MCCFA BENEFIT
LONG-TERM CARE INSURANCE
Why would someone use this insurance?
❖ Recovery from a serious accident
❖ Recovery from surgery or an extended illness
❖ Recovery from a stroke
❖ Frailty due to illness or age
❖ Permanent disability from an accident or illness
MCCFA BENEFITLONG-TERM CARE
INSURANCE
Who is eligible for this insurance?
❖Current members of the association
❖ Spouses, partners, and other family
members of the association members
between 18-79 years of age
❖ Includes: parents, parents-in-law,
grandparents; grandparents-in-law, siblings,
aunts, uncles, and children
MCCFA BENEFITLONG-TERM CARE
INSURANCE
What discounts are available with this
benefit?
❖5% discount for members, spouses,
partners, and other family members
❖For married applicants or domestic partners
additional discount
❖10% with the purchase of one policy
❖20% with both spouses, partners purchasing
MCCFA BENEFITLONG-TERM CARE
INSURANCE
Transamerica TransCare II Features:
❖ Daily benefit options--$50--$400 per day
❖ Length of benefit once on claim—2,3,4, or 5 years
❖ Preferred health discount with full underwriting
❖ Calendar day elimination period (deductible)—30,
60, or 90 days
❖ Cash alternative option—33% of daily benefit
❖ Inflation protection—correct age-based inflation
imbedded into the plan qualifies for the Arizona
Partnership Program
❖ Return of Premium to age 67
❖ Optional riders available
MCCFA BENEFITLONG-TERM CARE
INSURANCE
Members:
❖ Abbreviated Application Process
❖ Full underwriting for preferred rate
Spouses, Partners, and other Family Members:
❖ Underwriting requirements obtained by
TransAmerica (no cost to you)
❖ Prescription drug report
❖ Phone health interview
❖ Medical records from your physician
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MCCFA BENEFITLONG-TERM CARE
INSURANCE
What are my payment options?
 You may choose to be billed ❖
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Monthly—EFT out of your bank account
Quarterly
Semi-annually
Annually—does not incur a surcharge
MCCFA BENEFITLONG-TERM CARE
INSURANCE
CONTACT INFORMATION
Authorized Agent for Association Discount
Mary Ellen Dunn, MA, CLTC
Dunn Insurance Services LLC
602-923-4949—office
1-866-380-2169—toll free
www.dunninsuranceservices.org