Long-term Care Insurance - Discounted Rates
MedAmerica offers full-time and part-time faculty and professional staff; retired employees of Franklin & Marshall College; and eligible family members (including the spouse or "care partner", children, parents, in-laws, siblings, and grandparents) discounted rates for individual long-term care insurance policies. Interested individuals may contact CaringPlans Associates, at (717) 652-0552 or email caringplans@comcast.net, for detailed information about coverage and premiums.
With MedAmerica's long-term care insurance, those who qualify for long-term care benefits will receive the monthly cash benefit they previously selected while care is needed. The cash benefit can be used to pay for care from whomever the covered individual chooses, and wherever care is needed.
Newly hired, full-time members of the faculty and professional staff may apply for long-term care insurance through MedAmerica within 60 calendar days of hire in order to qualify for "simplified underwriting" (i.e., if applying within 60 days of hire, a full-time faculty or staff member will generally have to answer only a few health-related questions in conjunction with his/her application). A full-time employee's spouse or care partner, if actively employed at least 30 hours per week, may also qualify for simplified underwriting. Those who apply outside this 60 day window will be required to provide more extensive health-related information to MedAmerica in conjunction with their application for coverage. MedAmerica determines whether an individual qualifies for coverage. All information provided in conjunction with an application is kept strictly confidential by MedAmerica, and is not viewed, shared with, or stored by the College.
Faculty and professional staff employed on a part-time basis, College retirees, and family members are not eligible for simplified underwriting, but are eligible for discounted rates on individual long-term care insurance policies.
An individual's actual premiums for long-term care insurance will depend on the benefits and coverage levels he/she selects.
