|

The CalPERS Long-Term Care Affair

Byuclafaculty

We have noted in earlier posts that although UC employees are not covered by CalPERS, at one point in the past, they were offered the “opportunity” to buy long-term care insurance through CalPERS.  But then CalPERS began jacking up the cost and, for those who protested, offering inferior alternative policies.

CalPERS position is that it didn’t deliberately lowball the initial premiums but instead just underestimated what the costs would be.  But some subscribers disagree and now there is a lawsuit.

From the Sacramento Bee:

CalPERS was sued Tuesday over the big rate hikes it imposed on its long-term care insurance program, which covers stays in nursing homes. The class-action suit was filed by a Los Angeles law firm on behalf of more than 100,000 CalPERS members who have purchased the coverage and now face big rate increases. The lawsuit, filed in Los Angeles Superior Court, says policyholders were duped into thinking the rates would be fixed and “reasonably priced.”…

Full story at http://www.sacbee.com/2013/08/06/5628197/calpers-sued-over-long-term-care.html 

Update: A link to the lawsuit is at http://blogs.sacbee.com/the_state_worker/2013/08/read-the-lawsuit-against-calpers-on-long-term-care-insurance.html

Similar Posts

  • | | |

    Faculty associations address UCOP

    Byhigbie

    The UCLA Faculty Association is part of a UC-wide coalition of faculty associations known as CUCFA–the Coalition of UC Faculty Associations. Through CUCFA, UC faculty are able to address the UC Office of the President on issues of importance to faculty, their students, and staff. Below is a round-up of recent communication between CUCFA and UCOP. UC Union Coalition on Health Insurance Costs CUCFA signed on to a joint letter from unions representing employees across the UC system expressing concern with large increases in the cost of health insurance. The unions requested a meeting to “address what appears to be…

  • | |

    UCOP Response to CUCFA on Health Options

    Byhigbie

    In April, the Council of UC Faculty Associations drafted a letter of concern over proposed changes to UC employee health insurance options. Over 2,500 faculty system-wide added their names in support of these concerns. Now we have a response from the UC Office of the President (UCOP): Subject: Health care options letter Date: Wed, 6 May 2015 23:40:06 +0000 From: President at UCOP dot edu To: info at cucfa dot org Dear Professor Hays: Thank you for sharing the Council of UC Faculty Associations’ letter of April 7 to President Napolitano regarding the possible restructuring of healthcare plans available to…

  • | | | |

    UCOP Study Shows Decline in Faculty Compensation

    Byhigbie

    A year ago Colleen Lye and James Vernon, co-chairs of the Berkeley Faculty Association, drew the attention of faculty across the ten campuses of the University of California to the continuing degradation of their pensions, benefits and salaries. Increasing employee contributions to health insurance and pensions were compounding the negative impact of slow salary group, they argued, and retirees faced fewer choices for healthcare. Now UCOP’s own study of total remuneration has confirmed much of their argument. The executive summary of this document contains the following depressing bullet points: Between 2009 and 2014, UC’s total remuneration fell from 2% below…

  • | | |

    The Degradation of Faculty Welfare and Compensation

    Byuclafaculty

    Colleen Lye and James Vernon (UC Berkeley Faculty Association) UC faculty need to wake up to the systematic degradation of their pay and benefits.  In 2009, when the salary furlough temporarily cut faculty salaries between 6 and 10%, faculty were outraged.  Yet since then our compensation has been hit by a more serious, and seemingly permanent, double blow. First, despite modest salary rises of 3% and 2% in October 2011 and July 2013, faculty take-home pay has been effectively cut as employee contributions to pension and healthcare have escalated.  Faculty now pay more for retirement and healthcare programs that offer less.  Secondly, faculty are…

  • |

    CalPERS Long-Term Care: What Happens Tomorrow?

    Byuclafaculty

    Although CalPERS doesn’t run the UC retirement plan, at one point CalPERS offered long-term care insurance to UC employees.  It seemed to some folks to be a good idea at the time and they took out policies.  Long-term care policies can be bought from commercial carriers.  The problem is that you have to trust that these carriers will do right by you many years in the future when you may not be in the best condition to assert your rights.  It appeared, however, that having CalPERS – a public entity – providing the policies might be a solution.  Sadly, there…

  • | |

    UC Follows UCLA and Becomes a No-Smoking Zone Today

    Byuclafaculty

    Following the earlier lead of UCLA, all UC campuses today become smoke-free zones, including such products as e-cigarettes.  According to a UC media release: …Effective Jan. 1, 2014, the University of California will be entirely smoke and tobacco free. Smoking and the use of all tobacco products including cigarettes, e-cigarettes, cigars, snuff, water pipes, pipes, hookahs, chew and any other non-combustible tobacco product will be prohibited across all campuses and facilities, including inside buildings, outdoor areas and sidewalks, parking lots, and residential housing areas. This is a major change for many people and will require all members of the university…