This Saturday, March 31, is the last day of the long-term care insurance open enrollment period. Fermilab employees can enroll in the CNA Independent Solutions Group Long-Term Care insurance plan without being asked any medical questions. During open enrollment, your acceptance into the plan is guaranteed. Once the open enrollment ends, you can still submit an application, but you will need to provide evidence of insurability and it will be at the discretion of CNA to approve or deny the coverage.
There is not an annual open enrollment period for LTC insurance, as CNA decides when to have open enrollment. This was the first laboratory-wide open enrollment since 1996.
The insurance premium rates are based on age of participant, benefit options and inflation feature selected. Purchasing LTC insurance through Fermilab affords you the benefit of a group rate, and your insurance payments are automatically deducted from your paycheck.
For more information, please visit the WDRS Benefits website.