News Headlines Article

CalPERS considers 85% rate hike for long-term care policies
Sacramento Bee

CalPERS is preparing to impose a rate hike of up to 85 percent on most of its long-term care insurance policyholders.

The rate hike would begin in 2015 and would be phased in over two years. It would affect three-fourths of the 150,000 CalPERS members who’ve bought long-term care policies, which pay for stays in nursing homes, convalescent homes and so on.

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