Long term care is not like acute medical care which helps people recover from an illness or injury. Administered by Aetna U.S. Healthcare, the LTC plan is fully funded by the enrollee, meaning the enrollee pays the entire cost for coverage. It is intended to provide daily cash benefits when the insured is no longer able to independently perform the activities of daily living such as eating, dressing, or walking, or when the individual has a severe cognitive impairment, such as Alzheimer's. Things to keep in mind when making a decision about the LTC plan offered by Aetna. A range of benefits is offered to allow you to select a coverage level and premium payment that meet your needs and budget.
Premiums vary by age.
The premium cost of coverage is based on your age at enrollment and the number of dollars of coverage you select. Once you are enrolled, premiums for the elected benefit level do not increase because you get older. Premiums for the LTC plan, for you and your spouse, are payable through regular deductions from your monthly benefit payment. There is no charge for direct billing.