On April 1, 2015, the Department of Employee Trust Funds (ETF) authorized the release of new, lower-cost inflation protection options for the Mutual of Omaha, MutualCare Custom Solution long-term care insurance policy. This policy is available to employees, annuitants and their family members. Spouses, domestic partners, parents and in-laws are all eligible to apply, even if you don’t purchase.
Each year, many Americans lose significant income, savings and assets because of long-term care expenses. Your group’s long-term care insurance is designed to help protect against the high costs of long-term care if you or a family member can no longer perform activities of daily living without assistance. Health insurance or Medicare will not pay for this type of care. For many, long-term care insurance is an important part of planning for their long-term financial security.
The MutualCare Custom Solution policy offers some very unique built-in benefits that include:
• Cash benefits that can be used any way you choose. You simply receive the full monthly cash benefit you selected to pay for anything at all: family travel expenses, lost income, housekeeping services or other out-of- pocket expenses. There is no need to collect receipts or submit bills.
• New lower-cost inflation options make the policy more affordable but still increase the value of your policy over time to keep up with inflation.
HealthChoice also provides CareOptions services to all state, University of Wisconsin and UW Hospitals and Clinics employees, annuitants and their family members at no charge. CareOptions can assist you and your family with issues related to wellness, illness, disability or aging. Additionally, CareOptions can help you and your families create living wills (advance directives for healthcare) as well as allow you to conduct healthcare provider searches, provider background checks, medical information research and long-term care planning, 24 hours a day.
We urge you to investigate this plan for you and your family. To receive a complete information packet regarding your long-term care insurance options and access to the new CareOptions resources, simply copy and paste the following link in your browser: http://www.healthchoice.com/reply1 to request an information packet. You may also call HealthChoice toll-free at 1-800-833-5823 or in the Madison area at 833-5823 or email info@healthchoice.com.
HealthChoice has worked with the Department of Employee Trust Funds (ETF) since 1995 providing excellent service and the highest quality long-term care insurance plans to state, University of Wisconsin and UW Hospitals and Clinics employees, annuitants and their family members.