Long Term Care Insurance

Long Term Care Insurance  


IEEE Member Long-Term Care Life Insurance Plan


People tend to think they will never need long-term care. Unfortunately, when they do need it they are not prepared. With long-term care insurance you can take control and be prepared. It helps you:


  • Retain your independence
  • Preserve your quality of life
  • Stay at home as long as possible
  • Maintain flexibility in care options
  • Protect your assets and savings
  • Avoid burdening friends and family


As life expectancies increase, there is a greater chance that people will require long-term care. Long-term care includes all health, social, psychological and other services to persons requiring supportive help for a long time.

Long-Term Care Resources Network

Call today to schedule your one-on-one consultation with an experienced Long-Term Care Representative.



LTC Planning Tool

Get more information about LTCRplus and take the next step in helping to protect your assets with long term care planning.


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Long-Term Care Articles

A Critical Piece of Asset Protection


As an IEEE member, you have access to a special benefit—the Long-Term Care Resources Network, a unique long-term care buying service.


This benefit allows you to work with a long-term care insurance representative who will give you all the information about benefits and rates of different highly rated long-term care provides.


With so many different providers, you may have questions about the coverage they provide:


  • Which plan or options offers the least expensive premium? Is one plan more flexible than another to help fit into my budget?
  • What if I have a current health condition—can I still get coverage?
  • What about protection for my spouse? Are there couple discounts available if we both apply?
  • Are there discounts for healthy applicants?
  • Which long-term care insurance offers more of the benefits I want or need?


One simple phone call to the Long-Term Care Resources Network for IEEE members is all it takes to start protecting your assets from long-term health risks and get your questions answered. No obligation necessary!


For more information, a one-on-one consultation with an experienced Long-Term Care Resources Network Representative and how to apply, please call 1-800-588-7421.




"I recently decided to purchase long-term care insurance for myself and my spouse. My spouse was rejected by another company and (initially) by the IEEE member plan. However, the IEEE-sponsored agent worked with us through the appeal process and we were successful in getting coverage for both of us. The rates are slightly higher than what the other company was offering, but the underwriters were willing to review and weigh the entire person rather than simply look for a reason to say no." — IEEE Member, Daniel R. Adams



Contact Us

We're here to help! Please contact us in whatever manner is most convenient for you.

IEEE-Sponsored Insurance Program Administrator
12421 Meredith Drive
Urbandale, IA 50398
 M-F 8a-5p CST


Answers about the program, including eligibility, options, customer service and more.
  • What is long-term care?

    Long-term care refers to assistance with the very basic, everyday activities that most of us can do for ourselves. We call them Activities of Daily Living, or ADL’s. As a result of illness, injury or advanced age, many people need assistance in order to eat, dress or bathe. The need for long-term care may also result because a person has cognitive impairment. Some people need supervision or reminders to accomplish every day activities, such as using the toilet, eating, bathing, dressing and so forth.


  • What is Long-Term Care Insurance?

    Long-term care is provided to people who are unable to perform the basic task of everyday living on their own for an extended period due to chronic medical, physical or cognitive conditions, or disability injuries. Long-Term Care Insurance covers long-term care services provided in a nursing home, at home, in an assisted living facility or in other community-based settings. Medicare, Medicare supplemental insurance (Medigap) and traditional health and disability insurance plans typically do not cover long-term care services.
  • What is the average cost of long-term care?

    Today, the average cost of staying in a nursing home can be very expensive, often over $70,000 a year. Home care can be very expensive as well. Few people can afford this cost without using their life savings. Long-Term Care Insurance allows you to protect your assets in the event you need long-term care some time in the future, just like you protect yourself with homeowner and auto insurance.


  • How much does Long-Term Care Insurance cost?

    Plans vary greatly based on your age, health and state. To give a general idea, the average buyer is in their late 50’s and they are spending $175 per month.


    The premiums charged for tax-qualified Long-Term Care Insurance policies are treated as medical expenses under Federal tax law, which may qualify you for a more favorable outcome on your tax return.


    A Long-Term Care Resources Specialist will be able to develop specific quotes based on our desired options. And you should check with the insurance carrier to determine if your plan is tax-qualified and consult with an attorney, accountant or tax advisor regarding the tax implications of purchasing a tax-qualified policy.


  • Who pays for Long-Term Care?

    About half of all long-term care expense is paid by state Medicaid programs. About one-third is paid out-of-pocket by individuals and their families. Medicare only provides for some skilled care in some limited situations. Neither Medicare supplemental insurance nor major medical coverage provided by most companies pays for long-term care. This leaves approximately one-sixth of the total cost to be covered by other government programs and private insurance.
  • Why won't the Federal Government pay for my long-term care?

    While many people think the federal government pays for long-term care expenses, nationally, over 25 percent of all nursing home expenses are paid out-of-pocket by individuals and their families. Neither Medicare, Medicare Supplement Insurance nor the major medical health insurance provided by employers is designed to pay for long-term care expenses.
  • Does Medicaid pay for long-term care?

    Yes, but in very limited situations. Medicaid will generally apply only to those with very low incomes and very few assets. Even then, there is only limited choice of what and where benefits will be provided. For example, there might be limited choice of physician and facility, no control over the number of people sharing a room or no ability for the family to pay for any extras.
  • Does medical insurance pay for long-term care?

    Although medical insurance has some aspects of long-term care, they are not the same thing. For example, some medical plans may pay for the services of a nurse while you are recovering from an illness or an injury that requires the maximum benefit for nursing services, this benefit would cease to be available. Medical insurance is not designed to cover activities of daily living. Long-term care is designed to cover activities of daily living.
  • What companies do you represent?

    John Hancock, Mutual/United Of Omaha and Genworth.
  • How old do you have to be to have Long-Term Care Insurance?

    The average policy written is for a person in their mid to late 50’s, but our carriers underwrite policies for ages 18-84.
  • Can I have this for my spouse, mother, or other family members?

    Coverage is available at the discounted rate for both you and your spouse; coverage can also be purchased for your parent’s, parent’s in-law and adult children.
  • Do you have to be healthy to have this?

    Generally speaking yes, there are different levels of health within the underwriting process as well as heath conditions that are unfortunately uninsurable such as:

    • Currently in a care facility or receiving home heath care
    • Pending surgery (you may be able to apply after recovery)
    • Parkinson’s disease
    • Multiple Sclerosis
    • Alzheimer’s disease (or Dementia)
    • Muscular Dystrophy
    • Organ transplants (except for cataracts)
    • Active cancer
    • On oxygen
    • Use of a quad cane
    • Diabetes with neuropathy
    • Recent stroke or multiple TIAs
  • Where am I calling - how do you fit into this (meaning who is Long-Term Care Resources)?

    When you call 1-800-588-7421, you are reaching the Customer Service Center for Long-Term Care Resources, the authorized Long-Term Care insurance plan administrator for our Long-Term Care Insurance Program.

  • I want information, but do not want anyone to call me (I will not provide my phone number).

    That is not a problem. If you would provide us with your email address, we will send you the informational planning kit to look over. There is a toll-free number provided in the planning kit if you would like to speak to a Long-Term Care Specialist.
  • Does someone have to come to my home?

    No, it’s not necessary to have someone come into your home; the process can be completed through the mail, over the phone or by fax.

Mercer's Role & Compensation

Details of Mercer disclosure of the compensation.