FROM TING AND I: A Memoir...
During my IBM employment, the John Hancock Insurance Company got IBM to allow them to offer a special deal for the IBM employees to obtain long-term care insurance. The options had fixed total payouts, with the middle option that we chose being a total of $210,000, several times my annual salary at that time. They could not deny participation due to prior medical conditions, and we were open about Tina’s multiple sclerosis, the symptoms of which were mild back then.
Five or ten years later, when we met the disability requirements to qualify for weekly supplementation of our home health aide’s salary, Hancock started paying about $250 per week to reimburse us. This went on for fourteen years, paying about half to two-thirds of the cost of our aides, who typically worked a thirty-hour to forty-hour week.
Thank you, John Hancock.
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