long term care insurance

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You can apply for this coverage at any time at www.genworth.com/chevron or by calling 1-800-416-3624.

overview

Long term care insurance is designed to help you pay for long term care services received at home or in a nursing facility in the event you or a family member can no longer perform everyday activities such as eating, bathing, toileting or dressing. Although most people associate long term care with their later years, it's important to know that the need for long term care can happen at any time and at any age as the result of an unexpected illness or accident. The costs of these types of services are expensive and often can exhaust financial savings.

Genworth Life Insurance Company (Genworth) has been selected to offer long term care insurance coverage to qualifying eligible employees, retirees and qualifying eligible family members.

new long term care plan (on or after october 14, 2019)

Genworth Life Insurance Company (Genworth) will offer new long-term care insurance coverage under the Chevron Corporation Long Term Care Insurance Plan for New Entrants on and After October 14, 2019 (the New LTC Plan) to qualifying eligible employees, eligible retirees and their qualifying eligible family members. This Group Long Term Care Insurance is available under Group Policy Number 20803 policy form series 7053, underwritten by Genworth Life Insurance Company.

The New LTC Plan provides a safety net to help you afford long term care if you experience the need for care. With this insurance coverage, you decide the level of coverage you wish to purchase.

  • The coverage includes a monthly maximum benefit and a lifetime maximum benefit.
  • The cost of this coverage depends on the coverage level you choose, including your age, when you apply.
  • This coverage is portable, so if you retire or leave Chevron, your coverage continues if you continue to timely pay the premiums.

The New LTC Plan covers a wide range of services so that you can choose the care that is best for you. A description of the kinds of services covered – and not covered – are included in the Certificate of Coverage you’ll receive from Genworth. Coverage typically includes services such as:

  • Nursing home
  • Assisted-living facility
  • Inpatient hospice care
  • At-home hospice care
  • Home care
  • Adult day care
  • Respite care
  • And more...

To qualify for Long-Term Care benefits, Genworth must authorize benefits, and a waiting period must be satisfied. Contact Genworth directly if you have specific questions regarding coverage under the New LTC Plan.

eligible employees and retirees

Eligible applicants include:

  • Active full-time employees who are working a regular work schedule of 40 or more hours per week.
  • Part-time employees working at least 20 hours per week if such schedule is an approved part-time work schedule under the Corporation’s part-time employment guidelines.
  • Retirees age 75 and under.

eligible family members

Family members of eligible employees and eligible retirees can also apply for coverage if they are between the ages of 18 and 75. An eligible family member may enroll in the New LTC Plan even if the eligible employee or eligible retiree does not enroll in the New LTC Plan. If approved, these applicants will also receive the special group rates.

Eligible family members include:

  • Spouses or domestic partners
  • Parents, stepparents and parents-in-law
  • Grandparents, step grandparents and grandparents-in-law
  • Adult children, stepchildren and adopted children
  • Siblings, stepsiblings, siblings-in-law

additional requirements

Please note, this program is not available to Vermont residents. All applicants must be U.S. citizens or permanent resident aliens, have a valid social security number or tax identification number, and maintain a permanent U.S. resident and mailing address.

*Spouse includes a person to whom you are joined by marriage or a legal relationship recognized by state law.

Proof of good health – also called medical underwriting – is generally required, as follows.

modified guaranteed issue comprehensive application

Applicants who are eligible for a reduced medical underwriting will be required to complete a Modified Guaranteed Issue Comprehensive application. This application includes two health questions, plus your height and weight. The following applicants are eligible for the Modified Guaranteed Issue Comprehensive application:

  • Active full-time employees age 65 and under who apply during the special enrollment period, October 14, 2019 through November 8, 2019.
  • Active full-time employees age 65 and under who apply within 90-days of hire or otherwise first becoming eligible.

full medical underwriting

When full medical underwriting is required, applicants will be required to complete a health questionnaire and Genworth may request medical records, a phone health interview and/or a paramedical exam. The following applicants will require full medical underwriting:

  • Eligible active full-time employees age 65 and under who have missed the special enrollment period October 14, 2019 through November 8, 2019 or employees that have missed their 90-day enrollment window upon hire or otherwise first becoming eligible.
  • Eligible active full-time employees age 66 and over, regardless of when you apply.
  • Eligible part-time employees, regardless of age or when you apply.
  • Eligible retirees, regardless of age or when you apply.
  • Eligible family members, regardless of age or when they apply.

If you want to participate in the New LTC Plan with Genworth, you must submit an enrollment application.

You can apply for this coverage at any time on or after October 14, 2019.

special enrollment opportunity

From October 14 through November 8, 2019, active employees age 65 and under may complete a Modified Guaranteed Issue Comprehensive application. Part-time employees, full-time employees age 66 and over, eligible retirees and eligible family members may also apply, but full medical underwriting will be required.

  • If you apply for Chevron LTC Plan coverage on or after October 14, 2019 and before November 9, 2020, your application will be reviewed by Genworth. If approved, you’ll be covered under the New LTC Plan with Genworth with a coverage effective date of January 1, 2020. Please note that January 1, 2020 is the earliest possible effective date for the New LTC Plan, even if your application is approved prior to January 1.
  • If you apply for Chevron LTC Plan coverage on or after November 9, 2019, your application will be reviewed by Genworth. If approved, you’ll be covered under the New LTC Plan with Genworth with coverage effective the first of the month following the month in which your application is approved by Genworth. Please note that January 1, 2020 is the earliest possible effective date for the New LTC Plan, even if your application is approved prior to January 1.
  • You must be actively at work on your effective date of coverage. If you are not at work on your scheduled effective date, your coverage effective date will be deferred until the first of the month of which you are actively at work and have been actively at work for the prior 30 calendar day period.
  • Participation in this plan is optional.
  • If you choose to enroll, it's your responsibility to timely pay the full cost of coverage. Chevron does not contribute.
  • Payroll deduction is not currently available for this plan. You'll pay your premiums directly to Genworth.

long term care plan (prior to october 14, 2019)

Genworth has closed the Chevron Corporation Long Term Care (LTC) Insurance Plan to new participants after October 13, 2019.

If you’re enrolled prior to October 14, 2019, your current Long Term Care (LTC) Insurance Plan coverage with Genworth is guaranteed renewable on an individual basis if you timely pay the premium. You can choose to:

  • Cancel your current LTC Plan coverage, if desired. If you cancel your coverage with Genworth, you will no longer have long-term care insurance, unless you enroll in the New Long Term Care Plan with Genworth.
  • Continue your current LTC Plan coverage on an individual basis, effective October 14, 2019. There is currently no change to the billing procedures, monthly premium, plan rules and other terms of the existing policy as a result of this change. There is nothing you need to do to continue your current coverage. If you continue to timely pay your premiums, your current LTC Plan coverage will automatically continue.
  • Enroll for separate Genworth New LTC Plan coverage effective January 1, 2020. If you retain your current Genworth LTC Plan coverage, you can still choose to also enroll in the Genworth New LTC Plan coverage, in addition to your current coverage, if desired.*

If you remain enrolled in the current LTC Plan, you can continue to make coverage changes as described in your Certificate of Insurance. This includes coverage increases, coverage decreases, and inflation offers. You will not, however, be able to enroll additional family members or eligible dependents.

*Benefit amounts are subject to Genworth maximum limits. Current monthly benefit limits are $12,000 per month and are inclusive of all long term care insurance in force, including the Genworth plan, other long term care insurance with Genworth, and long term care insurance in effect with any other insurer.

Genworth has closed the Chevron Corporation Long Term Care (LTC) Insurance Plan to new participants after October 13, 2019.

To be eligible, you must be:

  • Actively-at-work, full-time employee working at least 40 hours per week, or part-time employee working at least 20 hours per week. 
  • Retirees and other family members may apply up to age 80.

Eligible family members include:

  • Spouses* and domestic partners of eligible employees and retirees
  • Parents (including in-laws) of eligible employees and retirees
  • Step-parents (including in-laws) of eligible employees and retirees
  • Grandparents (including in-laws) of eligible employees and retirees
  • Step-grandparents (including in-laws) of eligible employees and retirees
  • Siblings of eligible employees and retirees
  • Adult children of eligible employees and retirees

All eligible persons must maintain a permanent U.S. residence, and have an active U.S. Social Security or tax identification number.

*Spouse includes a person to whom you are joined by marriage or a legal relationship recognized by state law.

Genworth has closed the Chevron Corporation Long Term Care (LTC) Insurance Plan to new participants after October 13, 2019.

  • Eligible employees can enroll for Genworth LTC coverage at any time.
  • To enroll, you must submit an enrollment application with Genworth. You can get a quote or begin the enrollment process on the Genworth website or by calling Genworth.
  • You and/or your extended family may be required to satisfy proof of good health requirements.
  • Coverage is effective the first of the month following the month in which your application is approved by Genworth Life.
  • Participation in this plan is optional.
  • If you choose to enroll, it's your responsibility to timely pay the full cost of coverage. Chevron does not contribute.
  • Payroll deduction is not currently available for this plan. You'll pay your premiums directly to Genworth.