Monday, February 25, 2013

Long-term care rate hike stuns retirees

The San Francisco Chronicle reports:
When Marie Benedetto opened her mail last week and learned her long-term care premium was going up a stunning 85 percent, she did what a retired math teacher would do. She made a spreadsheet.
There's more:
The former San Francisco Unified School District teacher is one of 113,400 policyholders who bought long-term care insurance through the California Public Employees' Retirement System, or CalPERS, and will be hit with the 85 percent hike in 2015.