NU Online News Service, April 4, 2003, 11:55 a.m. EST – The California Public Employees’ Retirement System has started a three-month open-enrollment period for its self-funded long-term care coverage program.
The program, which is open to California public employees, retirees and dependents, covers 171,500 enrollees and is one of the biggest group long-term care finance programs in the United States.
The application period began April 1 and will last until June 30.
This year, CalPERS is selling a Partnership plan, a Comprehensive plan and a Facilities-only plan.
The daily benefit options for the Partnership plan are $110, $130 and $150, and the daily benefit options for the other two plans are $110, $130, $150, $170 and $200.