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CalPERS Plans Big Rate Increase for Long-Term Care Insurance

By administrator | Mar 19, 2014

CalPERS Plans Big Rate Increase for Long-Term Care InsuranceNews from PublicCEO.com: 41,000 members with long-term care insurance through CalPERS will soon be faced with a 5% rate increase this year and an 85% rate hike over the course of two years. According to the Sacramento Business Journal, letters will be mailed next month explaining the [...]

CalPERS long-term care policyholders downgrade coverage, avoid rate hike

By administrator | Mar 12, 2014

CalPERS long-term care policyholders downgrade coverage, avoid rate hikeNews from Sacramento Bee: More than a quarter of policyholders covered by CalPERS’ most costly long-term care insurance switched to cheaper plans over the last year, avoiding a controversial premium hike that looms in 2015. About 16,000 people shifted from programs that guaranteed life-time benefits with inflation-adjusted [...]

CalPERS considers 85% rate hike for long-term care policies

By administrator | Oct 12, 2012

CalPERS considers 85% rate hike for long-term care policiesNews from Sacramento Bee: CalPERS is preparing to impose a rate hike of up to 85 percent on most of its long-term care insurance policyholders. The rate hike would begin in 2015 and would be phased in over two years. It would affect three-fourths of the 150,000 [...]

California workers face 75-percent rate hikes for long-term care

By administrator | Oct 5, 2012

California workers face 75-percent rate hikes for long-term careNews from Anderson Independent Mail: Dale Kasler, The Sacramento Bee California public employees who buy long-term care insurance from the state are facing what could be a big rate hike, as the California Public Employees’ Retirement System tries to fix financial holes in its program. Some 150,000 [...]

Jerry Brown signs long-term care insurance rate bill

By administrator | Sep 29, 2012

Jerry Brown signs long-term care insurance rate billNews from LifeHealthPro: Calif. Gov. Jerry Brown (AP Photo/Rich Pedroncelli) California Gov. Jerry Brown, D., has signed state Assembly Bill 999, a long-term care insurance (LTCI) rate regulation bill that has been in the works for years. State lawmakers signed off on A.B. 999 in August.  The law is [...]

Cancer Survival Rate Increases Reports Long Term Care Insurance Expert

By administrator | Aug 10, 2012

Cancer Survival Rate Increases Reports Long Term Care Insurance ExpertNews from Live Insurance News: Los Angeles, CA, August 10, 2012 –(PR.com)– For the first time, over two-thirds (66.6 percent) of white Americans diagnosed with cancer have a five-year relative survival rate according to one of the nation’s long term care experts. “For certain types of [...]

How is a 90% long-term care rate hike OK?

By administrator | Mar 19, 2012

How is a 90% long-term care rate hike OK?News from Joliet Herald News: TERRY SAVAGE savage@suntimes.com March 18, 2012 7:26PM Cheryl Levy, 65, along with her husband, Bob Levy, 69, have been socked with a huge 90 percent premium rate for their long-term care insurance. | Scott Stewart~Sun-Times storyidforme: 27568059tmspicid: 9958541fileheaderid: 4560601 MEET BOB AND [...]

How is a 90% long-term care rate hike OK?

By administrator | Mar 18, 2012

How is a 90% long-term care rate hike OK?News from Chicago Sun-Times: TERRY SAVAGE savage@suntimes.com March 18, 2012 7:26PM Cheryl Levy, 65 along with her husband Bob Levy, 69, have been socked with a huge 90 percent premium rate for their long-term care insurance. | Scott Stewart~Sun-Times storyidforme: 27568059tmspicid: 9958541fileheaderid: 4560601 meet bob and cheryl [...]

State Approves John Hancock Long-Term Care Rate Increase

By administrator | Feb 14, 2012

State Approves John Hancock Long-Term Care Rate IncreaseNews from The Lund Report: By:  Oregon Department of Consumer and Business Services February 14, 2012 — The Department of Consumer and Business Services (DCBS) this week approved rate increases affecting more than 7,300 Oregonians who have long-term care insurance through John Hancock, including some policies originally sold [...]

Brace yourself for rate increases

By administrator | Aug 22, 2011

Brace yourself for rate increases News from DesMoinesRegister.com: Written by The Register’s Editorial Doesn’t my health insurance cover long-term care care? Answer: Probably not.Details: Health insurance, including Medicare, offers limited or no help paying for a nursing home or assisted living center or a caregiver to come to your home. Long-term care insurance is designed [...]

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