Life Insurance: If, on your retirement date, you were eligible to continue your Basic and Supplemental Life Insurance coverage (if enrolled), that coverage continues until the June 30th following your 70th birthday. You will be billed for this coverage.
The amount of your Basic and Supplemental Life Insurance coverage reduces by 35% on the June 30th following your 65th birthday for services and trades ("hourly") employees, or 66th birthday for all other faculty and staff.
Long Term Care Insurance: LTC insurance covers expenses for long term care, whether received at home, in the community, or in a nursing facility. You or your eligible family members may apply for LTC insurance at any time, so long as you are under the age of 80. Harvard's LTC coverage is through Genworth Life Insurance. It is not limited to the Open Enrollment Period. For information about coverage and costs for you, your spouse, siblings and adult children contact Genworth Life Insurance.
800-416-3624
www.Genworth.com/groupltc
Group ID: Harvard; access code: groupltc
John Hancock, Harvard's previous LTC insurer, will honor existing Harvard LTC contracts that it holds so long as policy holders continue to pay the monthly premiums.
800-928-4260
MetLife is still the insurer for some former TIAA-CREF policy holders who accepted the transfer of their Harvard LTC coverage to MetLife.
888-748-4824
Also, for new subscribers, don’t overlook LTC options with other carriers.