VRS Handbook for Members - Virginia Retirement System
VRS Handbook for Members - Virginia Retirement System
VRS Handbook for Members - Virginia Retirement System
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If you leave or retire from your position, your VSDP long-term care coverage will end.<br />
You can elect to continue your coverage, which will be retroactive to your last day<br />
of employment; you will pay the premiums. You will qualify <strong>for</strong> the same benefits<br />
as active participants and must meet the same eligibility requirements when<br />
submitting a claim <strong>for</strong> covered services.<br />
To continue your coverage, submit the VSDP Long-Term Care Plan<br />
Authorization of Coverage Retention (<strong>VRS</strong>-170) and the VSDP Long-Term Care<br />
Plan Protection Against Unintentional Lapse (<strong>VRS</strong>-171) within 60 days of your<br />
last day of employment to the Long Term Care Group, Inc. at P.O. Box 64011,<br />
St. Paul, MN 55164-0011. The <strong>for</strong>ms are available at www.varetire.org. This<br />
option is not available after 60 days.<br />
Commonwealth of <strong>Virginia</strong> (COV) Voluntary<br />
Group Long Term Care Insurance Program<br />
Six Activities of<br />
Daily Living –<br />
1. Bathing<br />
2. Transferring, such as getting<br />
in and out of bed<br />
3. Dressing<br />
4. Toileting (using the<br />
bathroom)<br />
5. Continence<br />
6. Eating (ability to feed<br />
oneself)<br />
The employee-paid COV Voluntary Group Long Term Care Insurance Program<br />
provides a maximum monthly benefit <strong>for</strong> covered long-term care expenses. <strong>VRS</strong><br />
has contracted with the Genworth Life Insurance Company as the insurer <strong>for</strong><br />
the program. If you are a state employee or an employee of a school division or<br />
a political subdivision that has elected to participate in the program, you are<br />
eligible to apply <strong>for</strong> coverage <strong>for</strong> yourself and select family members between the<br />
ages of 18 and 79. Family members include a spouse, adult children, parents,<br />
parents-in-law, step parents, step parents-in-law, grandparents, grandparents-inlaw,<br />
step grandparents and step grandparents-in-law.<br />
Premium Payment Methods. If you elect to pay the premiums to Genworth on<br />
a quarterly, semi-annual or annual basis, you may be eligible <strong>for</strong> a premium<br />
discount. Or, you can pay the premiums through a monthly Electronic Fund<br />
Transfer from your checking or savings account. Some employers may offer<br />
employees the option to pay premiums through a payroll deduction.<br />
49 | CH 8 • VIRGINIA RETIREMENT SYSTEM Plan 1
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