Health insurance does not pay for the cost of long term care. The PERS long term care insurance carrier is UNUM Life Insurance Company of America. PERS long term care insurance is offered to retirees in a different fashion than PERS health insurance plans. Retirees deal directly with the insurer for enrollment, premium payments, claims and all other aspects of the plans. Although the option to purchase long term care insurance is available to all PERS retirees and eligible dependents, some individuals may be denied coverage because of poor health.
Premium rates vary with the individual s age.
The lower an individual s age when the long term care plan is purchased, the lower the premium will be. Therefore, if you are interested in purchasing long term care insurance, it is generally more affordable if you purchase your plan as soon as you are eligible to enroll. The PERS Health Insurance Program offers health insurance coverage for all retirees, their spouses and dependents. If you are not yet Medicare-eligible, the PERS health plans may not be your best options for health insurance coverage. Your retiree plans often have better benefits and premiums for retirees who are not Medicare-eligible.