We invite visitors to post anything about long-term care here.
Archive for April, 2007
Care Facilities Bad
Feedback about care facilities you know about first hand.
Care Facilities Good
Feedback about care facilities you know about first hand.
Nutrition and health.
It seems every few months a new idea or product is being discovered.
What have you heard? What have you tried?
Share your ideas and experiences about nutrition and health.
CalPERS Rate Increase
California Public Employees’ Retirement System (CalPERS) long-term care insurance policyholders got a rude awakening this month.
For the second time since 2003 CalPERS has deemed it necessary to increase the rates for long-term care insurance policyholders as much as 40%.
I remember in 2003 how some people were so upset but would not consider any alternative. Now they face another increase and the option of switching to another long-term care insurance will be costlier if not impossible if their health has changed.
Comparing the new increase with the current going rates for the big companies this increase may not be enough which might mean another increase in the next 3-5 years.
In 2003 the rate increase for one 65 year old I talked to was $370. This new increase for that person who is now 69 will be about $740. That’s $1,110 more per year for his LTC insurance than when he signed up.
