CalPERS Sued Over Long-Term Care Insurance Rate Hikes

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.

Comments

  1. You wanted Obama Care you got it now go to bed with it! This is just the start Obama Care will bankrupt America!

  2. All of the insurance plans should be audited forensically.

    See The Two Minute Conservative via Google or: http://adrianvance.blogspot.com and when you speak ladies will swoon and liberal gentlemen will weep.

  3. Virginia Colt says

    Imposing an 85% price hike is ridiculous and the people who filed for lawsuit have the right to do this. People bought policies to protect their assets while receiving long term care but in this case, they’ll exhaust everything they have just to keep up with this price hike even before they start receiving benefits. I really hope this will be resolved and be more favorable to their policyholders. To avoid by being duped by insurance companies, do your own research and read about long term care insurance cost. Here’s one I’ve found: http://www.ltcoptions.com/long-term-care-insurance-costs/

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