Long Term Care Ends
**NEW** Videos of the recent LTC workshops
are now available here.
The university’s Long Term Care insurance program (LTC) is ending on Jan. 31, 2016, because group LTC polices like OU's are no longer standard in the LTC industry. Starting Feb. 1, 2016, employees may choose to keep their current LTC policy and pay their premiums directly to CNA or purchase a new policy through another provider. Payment for these individual plans will be made to the provider of their choice instead of by payroll deduction.
If you enroll during the annual enrollment period, you will be required to complete an Evidence of Insurability (EOI) form. EOI is a questionnaire about your medical history which will be submitted for a medical review by the insurance carrier before coverage can be considered. Once enrolled, the employee may continue coverage after termination by making payments directly to the insurance provider.
Spouses, retirees, retiree spouses, parents, in-laws, and grandparents can apply for long-term care insurance by completing and submitting a medical questionnaire. If approved, the premium for a spouse may also be paid by the employee through after-tax payroll deduction until the program ends on January 31, 2016. All others would be billed directly by the company as will the employee after the OU LTC plan ends on January 31, 2016.