Many people are not prepared for the high cost of long-term care. According to the California Office of Statewide Health Planning and Development, the average daily cost for residence in a California nursing home in 2014 is expected to be $260 per day. What’s more, research from The SCAN Foundation suggests 66 percent of Californians ages 40 and older say they could not afford more than three months of care in a nursing home. Without long-term care coverage, paying for long-term care can quickly deplete even sizable savings accounts.
The CalPERS Long-Term Care Program can help. Coverage through the Program, which is now accepting applications, helps pay for long-term care services you receive at home from an approved independent provider, home health agency, or in a facility.
Long-term care is different from other health care. Long-term care plans cover services that are not traditionally covered under your health plan, disability insurance or Medicare supplemental policies. Long-term care refers to the services available to people who have difficulty managing the activities of daily living, such as bathing, dressing, toileting, transferring, continence or eating, or who have a severe cognitive impairment.
CalPERS Long-Term Care coverage is available to California public employees, retirees, their spouses, parents, parents-in-law, adult children and adult siblings. Family members may apply to the program even if the public employee or retiree who makes them eligible does not apply or is not approved. To be eligible to apply for the program, individuals must be between the ages of 18 and 79.
Take the first step today:
Visit www.CalPERSLongTermCare.com to learn more about the CalPERS Long-Term Care Program. Download or request an application kit and watch powerful testimonials from long-term care participants or call our long-term care specialists directly at (800) 908-9119.
(PERSpective Spring 2014)