Benefits
Long-Term Care (LTC) Insurance
Long-term care (LTC) insurance provides a wide range of supportive medical, personal, and social services for individuals who need assistance for an extended period of time. The plan's coverage can help protect against the risk of losing savings and assets to meet these needs.
Aetna Life Insurance Company is the plan provider for this benefit. Following processing and approval of the completed application, participants receive a certificate indicating the effective date of coverage.
Participants in the program are responsible for all premium payments, which they make through payroll deduction.
Full-time classified staff and faculty, their spouses, parents, and parents-in-law are eligible for LTC insurance coverage.
New employees have 60 days from date of hire to enroll without evidence of insurability. Spouses must always provide evidence of insurability to be covered.
Visit Aetna's Web site at www.aetna.com/group/commonwealthva or contact the company at 1-877-894-2470. Following are some of the plan benefits:
special plan features, such as spousal discount and inflation protection;
optional benefit bank, which keeps some benefits available if you later cancel your coverage; and
a restoration benefit that restores the benefit level back to its original amount when members recover from illness.
An on-line rate calculator is available on Aetna's Web site to assist you in determining your premium cost.
See also the "Guide to Long-Term Healthcare," which is available from the Health Insurance Association of America and the National Association of Insurance Commissioners.
Mailing address: Virginia Commonwealth University | Human Resources - Benefits Administration
Human Resources Building, 104 North Belvidere Street, P.O. Box 842511 | Richmond, VA USA 23284-2511
Phone: (804) 827-1770 (Voice) | (800) 828-1120 (TDD) | Fax: (804) 828-0321 | Email: benefits@vcu.edu
This page is maintained by the VCU Human Resources web team | Revised: May 19, 2008
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