Welcome to the Club’s New Outreach to Retirement

Noelle Kauffman
Director of Sales

Long-Term Care Makes So Much Sense

This month, we continue our discussion of the importance of having long-term care insurance.

Let’s Talk About Long Term Care (LTC) Insurance

According to the U.S. Department of Health and Human Services, nearly 70 percent of Retirees will need some type of long-term care. A survey conducted by Genworth in 2020 states that the median costs for these services range from $53,768 to $105,850 per year.

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.

Make an appointment with our Retirement Specialists. Lock in your rate today!

JOIN THE CLUB

Club Membership for Retirees costs only $4 a month and can be deducted from your pension. As a Retiree, you are entitled to group rated insurance benefits including life insurance, accidental death and dismemberment, pre-funeral planning, long-term care, and our popular legal plan by MetLife

Congratulations on your Retirement and be well!

 

Here’s Why You Need The Club’s Long-Term Insurance

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:

  • Your premiums are conveniently deducted through your pension
  • Affordable Club Member-only group rates
  • Group rates are locked in at the age you apply
  • 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 available: 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

2022 Events


Dec. 17 Annual Holiday
11 a.m. Celebration (LARFPA)
Sheraton Universal Hotel
333 Universal Hollywood Dr.
Universal City

Reservation information:

LADWP Retiree Association: vincedolores@gmail.com

LARFPA: events@larfpa.org

Contact Information


Employees Club of California
Club contact: help@employeesclub.com


LA City Employees’ Retirement System (LACERS) (City Dept.)
(800) 779-8328
lacers.services@lacers.org


LADWP Retirees Association
Dolores Foley, President
(949) 388-1206
vincedolores@gmail.com


Fire and Police Pensions (City Dept.)
(844) 885-2377
pensions@lafpp.com


LA Retired Fire and Police Association (LARFPA)
(888) 288-5073
membership@larfpa.org


Retired Los Angeles City Employees, Inc. (RLACEI)
Contact@RLACEI.org
(800) 678-4145, Ext. 0


For ACTIVE MEMBERS
Are You Ready for Retirement?
Here are some current programs to help with your planning:

Webinars

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:

Wed., Nov. 9
Thurs., Nov. 17
Sat., Dec. 10
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.

MEMBER DEAL