Human Resources and Payroll

Benefits

 

Long-Term Care Insurance

 

Long-term care insurance refers to coverage for a wide range of personal care, health care and social services for people of all ages who can no longer care for themselves. Under long-term care, individuals receive assistance with normal activities of daily living, such as eating, dressing, and getting in and out of bed.

There are two, separate long-term care policies offered by the Commonwealth:

  1. One is administered by the Long-Term Care Group, Inc. through the Virginia Retirement System (VRS) and is part of the Virginia Sickness and Disability Program (VSDP). An automatic long-term care program is provided to full-time and part-time Faculty and classified staff who participate in VSDP who receive a $96 per day, employer-paid benefit with a maximum lifetime benefit of $70,080. Most employees who are enrolled in the VRS retirement plan are also enrolled in VSDP.

  1. The other is a voluntary program insured by Genworth Life. As of January 1, 2017, Genworth is not accepting new enrollees in this plan. They are continuing to administer the individual policies that were in place before January 1, 2017. VRS is currently searching for a new vendor.