The PPO Plan offers lower out-of-pocket costs in exchange for higher premiums. With this plan, your costs are more predictable, but you’ll likely still have out-of-pocket expenses. Instead of an HSA, this plan allows you to contribute pre-tax money to a Health Care Flexible Spending Account (FSA).
Here are ways to make the most of your plan all year long.
What if I have payroll deduction questions?
What is long term care?
It is the kind of care you may need when you are no longer able to take care of yourself. Long term care provides supportive services for an extended period of time in the place best suited to your needs. That’s different from acute care, which is medical care provided for a short period of time to treat a certain condition or illness.
You can receive long term care in a nursing home, in your own home, or in an adult day care center and other types of care facilities may be covered. The mix and levels of care vary with different policies. Long term care includes services such as:
When might I need long term care?
How much does long term care cost?
Long term care costs can be very high. The current average annual cost of nursing home care is $67,5251, but costs can be higher depending on where you live. Care in an assisted living facility or at home can be expensive too: Average annual cost today for care in an assisted living facility is $38,220 and for in-home care is $43,472.1
And, like everything else, long term care expenses are expected to rise.
To learn more simply call 1-800-557-0743.
1Genworth 2010 Cost of Care Survey, April 2010.
3 Harris, Rothenberg International: Study of average costs of nursing homes and assisted living facilities in the United States, by city and State. July 2002.
* In California, Medicaid is known as Medi-Cal. Medicaid eligibility is complex and varies by state. Contact your local Medicaid Office for complete information.
** California refers to this as a Residential Care Facility.
What is the cost of waiting to purchase long term care insurance?
If you are thinking of waiting to purchase long term care insurance coverage, consider the impact of waiting:
Waiting delays covering your long term care risk and can cost you money.
Won't my other health care plans cover these types of expenses?
Won't the federal government cover these types of expenses?
But doesn't Medicare cover long term care?
Do Medicare supplement plans cover long term care?
To what extent does Medicaid cover long term care?
Medicaid* — a joint federal and state assistance program — pays for a large share of the nation’s nursing home expenses. However, the purpose of Medicaid is to provide assistance to persons with very low incomes, few assets, and high medical bills. To qualify for Medicaid benefits, you must meet stringent financial conditions and “spend down” your personal assets. (Qualification requirements vary by state.) Income limits may apply.
*In California, Medicaid is known as Medi-Cal. Medicaid eligibility is complex and varies by state. Contact your local Medicaid Office for complete information.
How to file a claim?