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August 28, 2012 at 06:18 AM
The city of Seattle has found a carrier to provide voluntary group long-term care insurance (LTCI) benefits for public employees.
A unit of Prudential Financial Inc., Newark, N.J. (NYSE:EWR), will offer LTCI coverage to all eligible active city employees who enroll during a special open enrollment from Sept. 4 to Sept. 12, according to David Stewart, the city’s personnel director.
Prudential will guarantee acceptance to eligible employees even though the company recently announced that it will be discontinuing its group LTCI program, Stewart says.
