Genworth Life Insurance Co. has completed restructuring of its employee-paid long-term care insurance program and will once again accept new enrollees in the Commonwealth of Virginia (COV) Voluntary Group Long Term Care Insurance Program starting fall 2019. The program provides a maximum monthly benefit for covered long-term care expenses.
State employees who meet eligibility requirements can participate. School division and political subdivision employees may participate if they meet eligibility requirements and their respective employers adopt the program, or have an adoption agreement already in place.
All state agencies are eligible to participate in the program without signing an adoption agreement. Political subdivision and school employers that did not adopt the COV Voluntary Long-Term Care Insurance Program in 2010 or 2011 can submit an adoption agreement to VRS postmarked by June 14 to participate in the updated program. Genworth will email adoption agreements to non-participating employers in mid-March.
Political subdivision and school employers that adopted the program in 2010 or 2011 do not need to sign an adoption agreement to participate in the updated program. New employees, as well as those who did not enroll in the long-term care insurance program in the past, will be eligible to participate. Employees who are currently enrolled will continue their coverage under the existing program. Participating employers will receive an email from Genworth in early April with details about the updated program provisions.