UNUM Long Term Care Insurance plan provides benefits for the type of care received when someone needs assistance (either at home or in a facility such as a nursing home) with the activities of daily living due to an accident, illness or advancing age.
UNUM has developed a site specifically for the LSU System. Click here for detailed explanation on their website. Highlights of the plan are listed below. ALL forms, once completed, need to be forwarded to the HRM office.
Types of Coverage Available and Rates
Monthly benefit amounts available range from $1,000 to $4,000. The benefit duration is either 3 years or 6 years. Premiums are based upon the age at time of enrollment. See below for the rate information.
Eligibility for Enrollment
Employees appointed for more than 120 days and 75% of full-time or greater are eligible for enrollment.
Effective Date of Coverage
- New employees have 30 days to either enroll for or waive coverage under this plan. Coverage is effective on the first day of the month after completion of one full calendar month of employment.
- Employees who do not enroll for coverage within the first 30 days but who later wish to pick up coverage must complete an evidence of insurability form and be approved for coverage.
Continuation of Coverage
Employees retiring or terminating may continue their Long Term Care coverage without a change in cost. See Human Resource Management for help in completing the following form: LTC Portability Form