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Maricopa Community Colleges Faculty Association

Maricopa Community Colleges Faculty Association. SUPPLEMENTARY BENEFIT of Membership. Long-Term Care Insurance. 1. What is long-term care insurance? Provides a funding source for: Home care services Respite care for family caregivers Assisted living apartments Skilled care/ nursing home

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Maricopa Community Colleges Faculty Association

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  1. Maricopa Community Colleges Faculty Association • SUPPLEMENTARY BENEFIT of Membership Long-Term Care Insurance 1

  2. What is long-term care insurance? Provides a funding source for: 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 BENEFITLONG-TERM CARE INSURANCE

  3. MCCFA BENEFITLONG-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

  4. 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

  5. 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

  6. 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

  7. 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

  8. MCCFA BENEFITLONG-TERM CARE INSURANCE • What are my payment options? • You may choose to be billed - • Monthly—EFT out of your bank account • Quarterly • Semi-annually • Annually—does not incur a surcharge

  9. 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

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