Long-Term Care Insurance
Boston University sponsors a voluntary Long-Term Care Insurance Plan for active employees and their eligible spouses, parents/parents-in-law, and grandparents/grandparents-in-law. The insurance is underwritten by John Hancock Life Insurance Company, Boston, MA 02117.
Long-term care is needed when you require the assistance of another person for daily living activities, such as bathing, dressing, and eating. It provides supportive services for an extended period of time in the place best suited to your needs — your own home, a qualified adult day care center, alternate care facility, or nursing home.
Newly hired employees or newly eligible employees who enroll during the first 90 days of the later of their orientation date or hire date will have guaranteed acceptance. All other applications will be subject to John Hancock’s review and approval.
Your age when you first enroll determines your monthly premium rate for coverage you buy now. The younger you are when you enroll, the lower your cost will be. If long-term care costs increase because of inflation, you may have the opportunity to increase your elected daily maximum benefit and consequently increase your lifetime maximum. This allows your benefits to remain meaningful over time.
For more information, contact the John Hancock Customer Service Center at 1-888-258-7448.