News Headlines Article

CalPERS plans big rate increase for long-term care insurance
Sacramento Business Journal

Decision time is coming for 41,000 people with long-term care insurance through the California Public Employees’ Retirement System. These folks face a 5 percent rate increase in 2014 and an 85 percent rate hike over two years — planned to occur in equal amounts in 2015 and 2016 — if they choose to keep their current benefits. The other option is to accept less coverage.