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LONG TERM
CARE
An Insurance Plan designed to
protect your financial resources in retirement
The need to plan for long term care insurance is
becoming increasingly more important. Most
people do not have the financial resources to
pay for long term care and thus quickly deplete
their savings when caring for an aging parent,
spouse or child. Long-term care insurance is
being offered to PCA employees to help them
preserve their financial security and
independence.
Long-term care insurance will provide PCA
employees with the financial resources to care
for someone who has had a debilitating illness,
injury or cognitive impairment. Many people
mistakenly think that health insurance or
Medicaid will provide long-term care for them
when needed. Traditional health insurance only
pays for care that is designed to improve or
correct medical problems. Additionally, many
people will not be able to qualify for Medicaid
long term care, because they have too much
income or assets.
In an effort to assist our ministry partners in
planning for retirement, PCA Retirement
Benefits, Inc. (RBI) has endorsed two long-term
care insurance programs.
1) Unum Group Long Term Care Insurance
Program
(Note: Ten or more participants are needed.
Please call RBI if your group of 3-9 is
interested.)
A unique benefit of the Unum Long-Term Care Plan
is that it provides guaranteed coverage for
groups of 10 or more! However, this group
policy requires that the employer (a PCA church
or church related organization) provide a small
base level of coverage ($1,000) for all
full-time employees.
Actively-at-work ministers, missionaries, and
lay employees, and their spouses, sibling,
children as well as parents and grandparents,
are eligible to apply for long-term care
insurance through Unum.
To receive a quote for your church, please fill
out the Census Form linked below. Rates will be
based on a church’s location, census and type of
organization.
Unum Long Term Care
Insurance Brochure
Unum Long Term Care
Census Form
2) CNA Group Long Term Care Insurance Program
(Note: individuals only)
Actively-at-work ministers, missionaries, and
lay employees, and their spouses, as well as
parents and grandparents, are eligible to apply
for long-term care insurance through CNA. For
coverage to be affective applicants must return
completed enrollment applications to CNA at the
following address:
CNA Insurance
PO Box 94670
Maitland, FL 32794-9776
Participants will be billed quarterly,
semi-annually or annually by CNA. Participants
may choose to use automatically monthly
withdrawals from a bank account as well.
CNA Summary Plan
Description
CNA LTC Application
Please consider your personal situation
carefully and consult with family members and
professional advisors before deciding on either
of these policies.
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