Long Term Care Insurance

All Senior Physicians will automatically be enrolled in a long-term care insurance program through Unum. The benefit level is $3,500 per month for 36 months. TPMG will pay the premium. The policy will be portable if you leave TPMG, with rates locked in based on your age at the time you start the program. There will be no current tax consequences of the coverage (i.e. imputed income), and the benefit payments are not taxable. You will have the choice of buying the following optional coverages (with after-tax dollars): coverage for spouse/domestic partner, children over the age of 18, parents, and parents-in-law (all will have to show evidence of insurability); higher benefit level, up to $6,000 per month and 6 years; a 5% per year inflation adjustor; and a Total Home Care option which allows home care by unlicensed personnel to be reimbursed.