| |
Portability
If an individual is no longer eligible as an employee, or if the group
contract is discontinued for new enrollees, plan members may continue
coverage at the group rate by paying premiums directly to Aetna. If the
state employee dies or is divorced from their spouse, the spouse and other
eligible individuals may continue coverage. Contact Aetna to make necessary
arrangements.
Nonforfeiture
If you choose to cancel your state-sponsored Long Term Care insurance
coverage, you may elect one of the following options:
- Extended term
insurance allows coverage to continue for a specific amount of time
with no reduction in the daily benefit amount. Aetna will calculate
the duration of the extended coverage at the time of cancellation.
- A reduced, paid-up
benefit is available to provide coverage for life if Aetna’s
calculation is sufficient to produce a daily benefit of at least $20.
The amount of the paid-up benefit will be less than the amount of
coverage in effect while paying premiums.
|
|
