Long-Term Care Insurance

Voluntary Long-Term Care Insurance: Urgent Update

Genworth Life Insurance Company has recently notified the University of San Francisco that effective November 1, 2024 they will no longer accept new applications under their group long term care insurance policy. USF is actively looking for an alternative option to long-term care insurance.

Applications received by Thursday, October 31, 2024 will be underwritten in accordance with Genworth’s normal procedures under USF’s group policy. Any applications that are received after October 31 will not be accepted or considered.

Any current and existing group long-term care insurance coverage you have through Genworth will continue as long as premiums are paid on time. If you have any questions, please contact Genworth at gltcaccounts@genworth.com or 800.870.0877.

Voluntary Long-Term Care Insurance helps cover the cost of care assistance for yourself or a family member over an extended period of time due to chronic illnesses, such as Alzheimer’s disease, or various disabilities. Coverage includes help with the basics — bathing and dressing — as well as skilled care from therapists and nurses. To be eligible for this voluntary, employee-paid program, you must be a full-time employee, working 30 or more hours per week. Your spouse and other family members may apply through age 75.  Learn more here.

New employees can enroll during the first 30 days of becoming eligible and will have the opportunity to get coverage with a streamlined underwriting process; cost will depend upon your age. Current employees can also enroll, although a more thorough underwriting process will be required. This Long-Term Care Insurance Program is flexible, which means you can design a plan that fits your needs.

The benefit coverage is portable and will remain in effect for as long as enrolled participants continue to pay their premiums.  This means that if you are enrolled and leave USF, your plan and rates will remain in effect as long as you continue to pay the premiums.