Cautionary Note About CalPERS Long-Term Care
Although UC employees are not covered by the basic CalPERS retirement plan, they are eligible to buy long-term care insurance through CalPERS as state employees, if such policies are offered. Some UC employees, who would be reluctant to buy such policies from commercial insurance companies, may have bought or considered the CalPERS version in the past. Today’s Sacramento Bee carries a cautionary story for you, if you have bought a CalPERS long-term care policy or might consider doing so in the future (if they are again offered). Excerpts below: …CalPERS is considering imposing a 75 percent increase in premiums on…
