Life Insurance with Long Term Care

Life Insurance with Long Term Care  

Overview

Protecting your loved ones is one of life’s greatest responsibilities. When a family loses someone, in addition to grief, survivors may suddenly be faced with costly expenses and debts and even a loss of income. You may also, at any point in your life, need long-term care services, which could cost hundreds of dollars per day. Many families would have trouble paying for living expenses if they lost their primary earner.

 

Life Insurance with Long-Term Care (LTC) combines the benefits of life insurance with living benefits, which can be utilized for long-term care, home healthcare, adult day care, or assisted living. Many people have concerns about protecting their families’ future should something happen to them. Adding to these concerns is the likelihood that they will need LTC. Life Insurance with living benefits provides an answer to both of those worries. Whether or not you use LTC in your lifetime, your beneficiary will still receive a life insurance payout.

Enrollment

Get more information and begin your enrollment today.

Tell Me More

Eligible associates include:

  • Active full-time associates aged 18-75 who are scheduled to work 30 or more hours per week and have been on the job for 30 or more days.
  • Active part-time associates between the ages of 18-75 who are scheduled to work 20 or more hours per week and have been on the job for 6 months or more

 

 

Contact Us

Address
Mercer Voluntary Benefits
12421 Meredith Drive
Urbandale, IA 50398
Phone
1-800-782-3599
Choose option 6 and then option 1
Hours
M-F 8a-5p CT
Email
customer.service@mercer.com

How It Works

*The LTC benefit can be extended for an additional 25 months with Extension of Benefits.

FAQ's

Answers about the plan, including eligibility, options, enrollment, customer service and more.

  • Who is the provider?

    Kohl's has made arrangements with Mercer Voluntary Benefits to offer you access to a Life Insurance with Long-Term Care benefit. This service will help your needs and offer you options from Trustmark. Trustmark has contracted with ASCIA partners to provide individual education and enrollment services.
  • How can this help me?

    With this coverage, you’ll provide your family with a financial safety net and access to long-term care services, should you need it during your lifetime. Although it can be hard to imagine, many individuals will need long-term care services at some point in their lives. You may need these services if you experience an accident and need help while you recover or simply need professional assistance due to aging.

     

    Whether you need LTC at a point in your life or not, your family will still receive end-of-life benefits. Life insurance will help protect your family’s future, should something happen to you.

  • When can I enroll?

    As a qualifying new hire or during special enrollment periods, you can enroll without answering health questions. Outside of your new hire enrollment period or special enrollments, you may enroll at anytime, subject to health questions.
  • How much will this coverage cost?

    Your cost is based on several factors including your age, any special features you select, and the amount of coverage you want. An enrollment counselor will be able to review available coverage and provide specific cost information.
  • What if my employment status changes?

    When you leave or retire from Kohl's, you can continue your coverage without interruption. Although payroll deduction will no longer be available if you retire or leave your company, you can opt to continue payments automatically from your bank account.
  • Won’t the Federal Government pay for my Long-Term Care?

    Medicare provides minimal financial support for LTC services. Medicare was designed to pay for acute medical conditions and post-rehabilitative care; it was not intended to pay for costs associated with LTC. To qualify for nursing home care under Medicare, a three-day hospital stay is required, and care must be rehabilitative in nature. If these conditions are met, Medicare will pay for the first 20 days. Days 21-100 require a co-payment. There is no coverage after day 100.

Mercer's Role & Compensation

Details of Mercer disclosure of the compensation.