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CalPERS enrollees receive notice of long-term care rate hikes
San Luis Obispo Tribune

With an 85 percent premium hike looming, government workers and retirees covered by CalPERS‘ costliest long-term care insurance policies face a crucial decision: Swallow the increase or get out of a program they have been paying into for years.

The reality of the increase literally came home this week as letters from CalPERS hit the mailboxes of 148,000 policyholders.

The fund’s board last year voted to raise premiums for the 90 percent of insured members who bought the top-tier plan – lifetime coverage and inflation protection for things like nursing home and assisted-living care.

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