Take 2 - Special Edition, March 2000

The Long-Term Care Insurance Plan for Participants in
The Screen Actors Guild - Producers Health Plan

The Screen Actors Guild - Producers Health Plan is sponsoring a voluntary, employee-paid Long-Term Care Insurance Plan for Health Plan participants with Earned, Retiree, or Self-Pay eligibility, their spouses, surviving spouses and qualified same-sex domestic partners as well as for parents and grandparents of eligible plan participants and their spouses. The effective date of the Plan is May 1, 2000, and is underwritten by John Hancock Life Insurance Company.

What is long-term care?

Long-term care is needed when you cannot take care of yourself and need the assistance of another person with daily living activities, such as bathing, dressing, and eating. It provides supportive health services for an extended period of time in the place best suited to your needs - your own home, an adult day care center*, or a nursing home.

What is long-term care insurance?

Long-term care insurance is coverage that helps to protect you against the costs associated with extended care needed because of an accident, a long-term illness, or the effects of aging.

The Long-Term Care Insurance Plan available to eligible participants in the Screen Actors Guild - Producers Health Plan will help protect you against these risks and give you the flexibility of receiving care in your own home, a qualified adult day care center*, or nursing home.

The plan includes case management by registered nurses who work with you and your family to help find the care that is right for you.

This new plan is a valuable benefit to consider, giving you comprehensive coverage for your long-term care needs.

* WA refers to this as Adult Day Health Care Center

Who needs long-term care?

While most of those needing long-term care are elderly, many younger adults require long-term care due to a serious accident or illness. In fact, about 10% of people in nursing homes are under age 65, and the number of non-elderly disabled has grown steadily in recent years1.

1 Long-Term Care Planning: A Dollar and Sense Guide. United Seniors Health Cooperative, April, 1998

Note: Children are those under 18 years old, working-age adults are those 18-64 years old, and the elderly are those 65 years old and older.
Source: Health and Human Services and the Institute for Health Policy Studies at the University of California, San Francisco.

GLTC-ABC-Bulletin-8/99

Couldn't I rely on my family for care?

Yes, you could. But a potentially significant physical, emotional, and financial burden falls on the family member who may not only be the primary caregiver, but may also have to work, care for children, and handle other responsibilities. Before relying on the future availability of a family member, you should consider the increasing likelihood that all members of the family will be working, and that the person requiring care may live apart from other family members -- sometimes at a great distance.

Isn't long-term care insurance too expensive?

A common misconception about long-term care insurance is the price. According to a recent study that John Hancock conducted with the National Council on the Aging, most Americans believe they'd have to pay almost four times what the actual cost for long-term care insurance really is.

Long-term care insurance is more affordable than most people think. For instance, the premium a 35 year-old pays for this Long-Term Care Insurance Plan can be as little as $11.30 per month. That amount will provide a daily maximum benefit of $100 per day, and a lifetime maximum benefit of $182,500 to pay for covered long-term care expenses.

You will be receiving a letter soon with your personalized rate information.

Doesn't long-term disability insurance provide benefits for long-term care?

Long-term care insurance should not be confused with long-term disability insurance. Some people are surprised to find their long-term disability insurance will not pay for long-term care services. Long-term disability insurance is meant to replace your income if you are not able to work, but provides no benefits for long-term care.

 

Next Section Coverage Choices

Return to Article List