“CalPERS to pay $800 million settlement over claims it misled retirees on costs of long-term care insurance,” by Adam Ashton, CalMatters “CalPERS is preparing to pay out roughly $800 million to settle claims that it misled retirees when it began offering long-term care insurance in the late 1990s and pledged it wouldn’t substantially raise rates on certain plans. … Under the new agreement, retirees who want to cancel their long-term care insurance will receive 80% of the premiums they paid into CalPERS’ long-term care fund. That could amount to tens of thousands of dollars for retirees. The settlement does not
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“Long term care insurance in the UK: What’s going on?,” by Mark Rosanes, Insurance Business UK “Arranging care for later life can be a complex and costly endeavour, highlighting the need for long-term care insurance in the UK. Unfortunately, this type of coverage is no longer accessible across the country, but this does not mean that British citizens are left without options. In this article, Insurance Business explains why long-term care insurance policies are not being sold anymore in the UK, what options are available when it comes to financing care, and what plans are in place to enable citizens to
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