Employees eligible for long term care insurance
KU and affiliate employees are now eligible to purchase long-term care insurance. A series of upcoming seminars will help individuals learn more about the insurance and how it can help them and their families.
In 2007, the state of Kansas announced the Kansas Partnership for Long-Term Care. The partnership established guidelines for qualifying privately purchased long-term care insurance. It also offers asset protection if individuals need to apply for Medicaid. Long-term care insurance covers the cost of care if an individual requires medical or personal assistance over an extended period of time, whether it is assistance to stay in the home or care in a hospital or nursing facility.
The insurance, which differs from life insurance, is available to KU employees through the KU Teachers and Educators Association. Shari Mohr, annual giving special programs coordinator with KU Endowment and KU T.E.A. president, said the insurance is open to employees up to age 84.
"It's a whole new way of thinking about providing care when people are no longer able to care for themselves," Mohr said. "At the rate the population is aging, Medicaid and state budgets aren't going to be able to keep up. This is a way for people to plan ahead."
KU T.E.A. is open to faculty, staff and affiliate employees who work at least 17.5 hours per week. The insurance is portable if an employee purchases it and later leaves the university.
Four sessions are scheduled for employees interested in learning more about the insurance. Presenters will include Cindy Hermes, director of the Government and Public Affairs Division of the Kansas Insurance Department; Brad Winnekins, CEO of Legacy Services; and Bret Boeger of the Robert E. Miller Insurance Agency. The sessions are: 11 a.m. to noon and 12:15 to 1:15 p.m. Oct. 21 at the English Room, Kansas Union; and 11 a.m. to noon and 12:15 to 1:15 p.m. Oct 22 at the McCook Room, Burge Union. Anyone who wants to attend should RSVP by calling Legacy Services at (800) 230-3398 ext. 101 by Oct. 16. Winnekins will be available for individual sessions Oct. 21, 22 and 23. Call the above number to schedule an appointment. For more information, visit www.kutea.org.