Long-Term Care: Lock in Your Rates This Month!
Have you been thinking about signing up for the Club’s Long Term Care Plan? If you have, now is the time to apply!
Apply before Dec. 31, 2022 to lock in 2022 rates. After Jan. 1, 2023, all new applicants will automatically move to the next age bracket year and a higher premium.
Long-term care insurance is designed to protect your retirement savings and assets by paying a monthly benefit for some of the expenses you may incur if you need supervision or assistance with basic activities of daily living (ADLs), such as bathing, eating, continence, dressing, toileting, ambulating and transferring – situations that can follow an accident or illness such as a stroke, because of older age and frailty, or because you need supervision due to a cognitive disorder like Alzheimer’s disease.
Do not wait until it is too late!
Contact the Club today to speak with a licensed insurance Counselor who can answer any questions you may have and assist you with completing the application.
Email: email@example.com Tel: (800) 4640-0452 Ext. 4
Take Advantage of Locking In Rates Now
Long-term care insurance is designed to pay benefits for some of the expenses you may incur if you need supervision or assistance with basic activities of daily living (ADLs), including bathing, eating, continence, dressing, toileting, ambulating and transferring.
You may need this kind of help following an accident or illness such as a stroke — because of older age and frailty, or because you need supervision due to a cognitive disorder like Alzheimer’s disease.
Why you need Long Term Care Insurance from the Club:
- Locking in your rates by Dec. 31, 2022 ensures you take advantage of the most affordable plans before rates rise for 2023. Group rates are locked in at the age you apply.
- Your premiums are conveniently deducted through your pension
- Affordable Club Member-only group rates
- Coverage is available to you, your spouse/domestic partner, parents, and grandparents
- Available payout benefits range from $1,000 to $5,000 per month
- Your plan pays a monthly benefit directly to you, as opposed to most other programs that pay out on a reimbursement schedule
- Choose from four plans:
1) Long-Term Care facility;
2) professional home care;
3) total home care; and
4) simple inflation protection
- Available terms: four-year nursing facility/eight years in home. Also 10-year nursing facility/20 year in home (Home care benefit pays out at 50 percent)
Schedule an appointment today with a Club Retirement Counselor, and be ready for your best retirement.
IMPORTANT: The best time to buy long term care insurance is before you need it.
LACEA Insurance Services, Inc. (Employees Club of California) is a licensed insurance agency offering insurance benefits to qualified Club members. The Club’s CA DOI Lic. is #0B98000.
Resources for Club Retirees or Those About to Retire
Dec. 17 Annual Holiday
LADWP Retiree Association: firstname.lastname@example.org
Employees Club of California
LA City Employees’ Retirement System (LACERS) (City Dept.)
LADWP Retirees Association
Fire and Police Pensions (City Dept.)
LA Retired Fire and Police Association (LARFPA)
Retired Los Angeles City Employees, Inc. (RLACEI)
For ACTIVE MEMBERS
Are You Ready for Retirement?
Here are some current programs to help with your planning:
Learn about your retirement options and benefits at an upcoming Planning for Retirement webinar, hosted by the LACERS Member Engagement team. Register via your MyLACERS account. Upcoming dates include:
Sat., Dec. 10
Wed., Jan. 11
Thurs., Jan. 19 (Tier 3)
Thurs., Feb. 16
All webinars begin at 9 a.m.
Applying for Retirement Online
Members are encouraged to submit their retirement application 60 days before their retirement date when using LACERS’ new Retirement Application Portal (RAP). The RAP is a great asset to LACERS Members that helps to streamline the retirement process. While the filing period is within 30 to 60 days of your retirement date, starting your application early and submitting it on the first day you can at the 60-day-prior mark, will allow for a couple of benefits. These include having ample time to discover any complications and address them without having to move your retirement date, as well as ensuring LACERS staff has time to meet your retirement date request.
For example, if your desired retirement date is Dec. 17, 2022,you would have aimed to submit your retirement application in the portal on Oct. 18, 2022. For more information, please visit lacers.org/applying-retirement.