Long Term Care Information

CalPERS LTC Rate Increases

Update 3/20/2023

Here is an article with updates re: the settlement:

CalPERS to pay $800 million settlement over claims it misled retirees on costs of long-term care insurance
CalMatters – 3/20/23

Summary: 
CalPERS is preparing to pay out roughly $800 million to settle claims that it misled retirees when it began offering long-term care insurance in the late 1990s and pledged it wouldn’t substantially raise rates on certain plans.


Previous Information …

In response to the announcement of the rate increases, CalRTA sent a letter to the CalPERS Board communicating our concern and requesting that the proposed premium increase be phased-in over the next decade. As an organization, CalRTA never endorsed this plan. We will continue to fight these increases and will provide updates to our members as this issue develops.

Read President Breyer’s Letter to CalRTA Members

Read President Breyer’s Letter to CalPERS Board


NOTE – CalRTA does not provide legal nor financial advice. We provide these resources as information only. 

General Long Term Care Information

CalPERS LTC Website

This website has general information about long-term care coverage and is also a porthole for members to log in.

Website

State Senate Committee on Aging and Long Term Care

Hearing agendas and summaries are posted here as well as supporting information.

Website

Administration on Aging Long Term Care Information

The AOA’s website has lots of resources and information.

Website

AARP Long Term Care Cost Calculator

Compare costs and types of service in your area.

Website