Are you one of the 117,000 potentially affected by the CalPERS Long Term Care Settlement? (a)

Policyholders, former policyholders, and heirs/estates of previous policyholders all have choices to make in the potential settlement of a class action lawsuit brought against CalPERS. In July of 2021 CalPERS reached a preliminary settlement agreement in the class action lawsuit brought against them after the 2013 (enacted in 2015 & 2016) premium increases. Affected policyholders may be required to decide if they want to be included in the settlement and at the same time decide on accepting another premium increase of 52% in 2021 and further compounded 25% increase in 2022 or reduce their benefits. Continue reading for more…