Posted June 26, 2013 14:00:33 CDT

Guaranteed Coverage - Long Term Care

by HR

Special Enrollment for Long-term Care Insurance Coming Soon

Consider this: $56,000 is the minimum cost for a one-year stay in a nursing home, and the amount can climb to upwards of $140,000.

You may be thinking, “I’m healthy and already have medical coverage. Why would I need long-term care insurance?” The answer is simple:   To protect what you have worked for and what is important to you.

If you delay enrollment in long-term care coverage, its cost only increases with age, and some may not qualify when they decide they need it. Agreement/union and nonagreement employees, who are actively at work on September 1 and enroll in long-term care or increase coverage during Open Enrollment, July 1-31, will be guaranteed coverage.

Employees may purchase coverage after the July 31 open enrollment deadline but will be subject to underwriting approval. Spouses, domestic partners, parents, grandparents and in-laws also have the opportunity to apply for coverage and are subject to underwriting approval.

In the meantime, visit the insurance carrier CNA, password: UnionPacific, or call CNA at (866) 357-8478 for more information about UP’s Group Long-term Care plan.