We are now informed that offer letters continue to be sent out based on members’ premium payment schedule. If members with this insurance have not received an offer letter yet, they can call 888 877-4934 to determine if their letter is yet to come. All members with CalPERS LTC insurance should complete the coverage options by the due date in their letter. ALL MEMBERS MUST CONTINUE TO PAY PREMIUMS TO STAY INSURED.
Those members with an option to potentially receive a lumpsum settlement and terminate their CalPERS LTC insurance, should also complete and return the offer letter for their current LTC policy – the lumpsum option is not a certainty yet and members may not want to choose it when/if it becomes final. ALL MEMBERS WITH CalPERS LTC INSURANCE MUST CONTINUE TO PAY PREMIUMS. If the lumpsum settlement becomes a valid option and you accept a lumpsum settlement, that would terminate a member’s CalPERS LTC coverage.
Again, those members of the class action lawsuit who have been informed of the potential lumpsum settlement option, must express interest (to the class action attorneys) in this method of resolving their LTC coverage by September 22, 2021. December 13, 2021 is the final date to elect the lumpsum option. The lumpsum settlement option is not final until the Court declares it is a valid settlement which is expected in December, 2021. The Class Action attorney’s website is: info@CalPERSClassAction.com – phone number is: 866 217-8056
Again, the phone number for CalPERS LTC insurance information is: 888 877-4934
Al Darby, Vice President