CalPERS is increasing the rates for individuals with lifetime policies by 85% as well as increasing policies for individuals with inflation protection. Individuals may continue lifetime coverage or may choose a 3, 6 or 10 year plan. Links: include each attached item with these corresponding titles displayed:
CalSTRS Analysis on CalPERS LTC
CalPERS Long-Term Care Semi-Annual Update
United Health Actuarial Valuation of the CalPERS Long Term Care Program as of Dec. 31, 2013
Making Your Long-Term Care Decisions pamphlet
The long-term care lawsuit filed against CalPERS alleges that PERS breached its contract with enrollees, as well as its duty to deal with them fairly. As recourse, the plaintiffs seek to rescind their PERS enrollment and have all premium payments returned to them and/or to compel PERS to provide the benefits as allegedly promised.
CTA Legal will monitor the litigation as it works its way through the courts, but they don’t recommend that CTA join the court action at this time.