The last day to apply for long-term care insurance is June 15, 2021.
You and other family members who purchase long-term care (LTC) insurance are eligible for discounted premiums. The premium amount will vary depending on your age and the options you choose. Lock in today’s prices and make LTC part of your financial planning through Transamerica (in partnership with ACSIA). LTC addresses uninsured long-term care costs, which are one of the greatest risks to retirement savings and income. To help you plan for some of these costs—either for yourself or a loved one—LTC provides financial benefits for nursing home or community-based care beyond what traditional public or private medical plans cover. When you purchase long-term care insurance, you are buying a pool of dollars from which you can pay your long-term care expenses.
Interested in LTC? Learn more on the ACSIA website and call 855-284-8501 to apply. ACSIA’s helpful and knowledgeable staff will walk you through all options so you can decide what’s best for you.
Transamerica, the current provider of long-term care insurance will be ending sales of new policies effective June 30, 2021. If you currently have this coverage please be aware of the following:
- Guaranteed renewable – coverage remains as long as premiums are paid
- Individually owned – this is not group insurance, you own your policy
- Portable – your coverage remains with you after you leave employment
If you have not obtained long-term care insurance and would like to, you have until June 15, 2021 to submit an application for coverage. You are required to speak with an ACSIA Partners LTC representative. You can contact ACSIA Partners by calling 855-284-8501 or visiting adobe.ltcoptions.com/contact.