Don't Miss this Special Enrollment Opportunity
If you're a newly hired CTA member this year, you may be eligible for a special, limited-time opportunity to apply for CTA-endorsed Disability and Life Insurance from Standard Insurance Company (The Standard). If you apply within your first 120 days of starting your new job, eligible CTA members can get up to $200,000 of Life Insurance coverage without answering any health questions. You can also apply for Disability Insurance, which can help with the everyday bills like your mortgage and utilities, that continue even when you can't work -- expenses that health insurance won't cover. The CTA-endorsed Disability Insurance plan was specially designed to address the gaps in coverage that many California educators face. Read More about this unique opportunity!
Information About Member Benefits
Planning for Long Term Care
According to the U.S. Department of Health and Human Services, National Clearinghouse for Long-Term Care , over 70% of us who live to retirement age will need long-term care at some time in our lives. Are you prepared? If you live past 65, there is a good chance youíll need some long-term care services. Without planning ahead, the costs of long-term care may deplete your savings or quickly put a tremendous strain on your family. Long-term care insurance helps pay for the costs associated with illness, disability, cognitive impairment, or frailties of old age, over an extended period of time. While most people think of long term care as impacting only those in senior years, 40 percent of people currently receiving long-term care services are under 65. According to Genworth Financial, the cost of long-term care in California significantly exceeds national levels in 2012 with assisted living facility costs at $42,000 annually per person and a private room in a nursing home costing $93,988 per year.
The long-term care insurance industry has been making dramatic changes to address the rising cost of providing this coverage. Insurance carriers are dropping out of the market, raising premiums, cutting discounts and/or eliminating products. This has discouraged many consumers from buying, putting further upward pressure on premiums. August 1, 2012, Genworth which is one of the largest long-term care insurance providers announced its plans to raise premiums on pre-2003 policies by 50% over the next 5 years, and 25% on newer policies. October 17, 2012, CalPERS approved an 85% premium increase for nearly 112,000 state workers and retirees, and this would take effect in 2015. CalSTRS is not currently accepting new applications, and many CTA/NEA members are using the CalPERS product.
NEA Member Benefits offers the NEA Long-Term Care Insurance Program exclusively for CTA/NEA members and their families. CTA/NEA members and their parents, grandparents and adult children are all eligible for the Programís exclusive features and pricing. People are often surprised at how affordable long-term care insurance can be. Factors considered in determining costs include your age and health status. You certainly want to act while your health is good, so youíre not in jeopardy of not qualifying. Learn about suitable long-term care insurance options for your particular situation by calling an NEA Long-Term Care Advisor at 1-855-NEA-4LTC. The advisor will also be able to provide a free, no-obligation quote on request!
CTA Disaster Relief Fund
Are you aware that the CTA Disaster Relief Fund provides financial assistance to CTA members who have experienced significant losses due to disasters in California? Read More about this special fund for CTA members!
Vocational Specialist Helps Get CTA Members Back to Work after Disabilities
Don Earwood has been a vocational case manager with The Standard for more than 25 years. In his role, Don helps get CTA members back to work after a disability, and he facilitates any adjustments that he determines need to be made to their workspaces.
"I work with our claim analysts and examiners to see if we can help members who want to return to work," Don explained. "If someone has the desire and capacity to return to work on even a part-time basis, there may be some accommodations that we could help with so the person can then evolve into working on a full-time basis."
Read More about Don's work!