Beginning 2015: Huge Increase in CalPERS Long-Term Care Insurance Premiums
Many members are alarmed after hearing that CalPERS is planning an 85% premium increase in their Long-Term Care (LTC) insurance program and has closed the program to new applications. CalPERS has announced that this increase will go into effect in 2015 for over 110,000 state workers and retirees. Without a LTC program available through CalSTRS, members are looking for other alternatives. Remember that NEA Member Benefits offers the NEA Long-Term Care Insurance Program exclusively for CTA/NEA members and their families.