Long-term care insurance
Long-term care insurance provides a wide range of supportive medical, personal and social services for individuals who need assistance for an extended period of time. The plan’s coverage can help protect against the risk of losing savings and assets to meet these needs.
Genworth Life Insurance Company is the plan provider for this benefit and is administering the program on behalf of the Virginia Retirement System (VRS). Following processing and approval of the completed application, participants receive a certificate indicating the effective date of coverage.
Participants in the program are responsible for all premium payments, which are direct-billed to the participating employee. Contact Genworth for more information.
Genworth recently announced a premium rate increase for participants who enrolled between 2010 and 2016 (Group Policy Form Series 7046). Read more on the Benefits Announcements page.
VCU employees who regularly work at least 20 hours per week are eligible for the program provided they meet underwriting requirements. Select family members may also apply, including an eligible employee’s spouse, adult children, parents, parents-in-law, step parents, step parents-in-law, grandparents, grandparents-in-law, step grandparents and step grandparents-in-law who are between the ages of 18 and 75 at the time of application.
New employees may apply for coverage with limited underwriting requirements within their first 60 days of eligible employment.
VRS and ORP retirees under age 75, and their eligible family members, are also eligible to apply.
Eligbililty for coverage is limited to US residents who hold valid Social Security or International Tax Identification numbers.
For detailed eligibility information, see https://www.varetire.org/members/benefits/long-term-care/voluntary-long-term-care/index.asp.
Employees may contact Genworth directly at (866) 859-6060.
Employees who participate in the previously offered Genworth program continue their existing coverage.