{"74251":{"#nid":"74251","#data":{"type":"news","title":"Long-Term Care Enrollment Discontinues on Dec. 31","body":[{"value":"\u003Cp\u003EThe Institute\u2019s group long-term care insurance carrier, John Hancock, \nrecently informed the Georgia Tech Benefits office that enrollment for \nthis coverage will be discontinued effective January 1, 2012. John \nHancock has advised Georgia Tech that they will no longer accept new \nentrants to the Institute policy due to the low interest rate \nenvironment that is expected to continue for an extended period.\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EIf\n you wish to apply for this group long-term care insurance coverage, \nyour application must be postmarked no later than December 31, 2011.\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003EPlease\n note, the decision not to accept new entrants does not in any way \naffect employees or dependents who already have this coverage. John \nHancock will continue to provide ongoing service to insureds under our \npolicy. At this time, the Georgia Tech Benefits team does not have any \nadditional information about whether or when long-term care insurance \nmay be available again in the future.\u003C\/p\u003E\u003Ch2\u003EFrequently Asked Questions\u003C\/h2\u003E\u003Cp\u003E\u003Cstrong\u003E1. Why is John Hancock closing down enrollments under our Group long-term care policy?\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cem\u003EAccording\n to John Hancock, this decision was prompted by the historically low \ninterest rate environment that is expected to continue for an extended \nperiod of time.\u003C\/em\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E2. Will employees who are newly eligible be able to enroll after December 31, 2011?\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cem\u003ENo. The decision to cease new enrollments applies to all applicants.\u003C\/em\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E3. For applicants who need to go through underwriting, does the underwriting need to be completed by December 31, 2011?\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cem\u003ENo.\n The enrollment application must be postmarked by December 31, 2011, but\n underwriting activities may take place in early 2012.\u003C\/em\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E4. Will insureds be able to purchase optional inflation additions or other coverage increases after December 31, 2011?\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cem\u003EYes.\n The discontinuance of new enrollments does not affect inflation \nadditions and other coverage increases or changes available under the \npolicy.\u003C\/em\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E5. Does this impact John Hancock\u0027s ability to pay claims?\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cem\u003ENo.\n John Hancock will continue to service all current insureds, and any \ncurrent or future claims will not be affected by this action. John \nHancock continues to be highly rated by the five rating agencies, and \nratings are a comprehensive measure of the financial strength of an \ninsurance company.\u003C\/em\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E6. Who should I call if I have further questions?\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cem\u003EPlease call the John Hancock customer service line at \u003Cstrong\u003E1-888-354-6498\u003C\/strong\u003E\u003C\/em\u003E\u003Cem\u003E.\u003C\/em\u003E\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003EThe Institute\u2019s group long-term care insurance carrier, John Hancock, \nrecently informed the Georgia Tech Benefits office that enrollment for \nthis coverage will be discontinued effective January 1, 2012. John \nHancock has advised Georgia Tech that they will no longer accept new \nentrants to the Institute policy due to the low interest rate \nenvironment that is expected to continue for an extended period.\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EIf\n you wish to apply for this group long-term care insurance coverage, \nyour application must be postmarked no later than December 31, 2011.\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003EPlease note, the decision not to\n accept new entrants does not in any way affect employees or dependents \nwho already have this coverage. John Hancock will continue to provide \nongoing service to insureds under our policy.\u003C\/p\u003E","format":"limited_html"}],"field_summary_sentence":"","uid":"27317","created_gmt":"2011-12-15 13:43:04","changed_gmt":"2016-10-08 03:10:50","author":"Matt Werner","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2011-12-15T00:00:00-05:00","iso_date":"2011-12-15T00:00:00-05:00","tz":"America\/New_York"},"extras":[],"related_links":[{"url":"http:\/\/www.ohr.gatech.edu\/benefits","title":"Georgia Tech Benefits"}],"groups":[{"id":"64303","name":"Human Resources"}],"categories":[],"keywords":[{"id":"4288","name":"benefits"},{"id":"91","name":"enrollment"},{"id":"2775","name":"human resources"},{"id":"15471","name":"long-term care"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[],"email":["benefits@ohr.gatech.edu"],"slides":[],"orientation":[],"userdata":""}}}