Long-Term Care Overview
Life pulls you in many directions. You make plans at work. You make plans for your family. And you make plans for retirement. But have you thought about how to protect your assets and maintain your quality of life when the effects of aging, an accident, or illness strike?
Long-term care helps protect assets and lifestyles against the potentially catastrophic cost of receiving long-term care services, including care in an eligible facility, such as in a nursing home or assisted living/residential care facility; care at home; and care in a community setting, such as adult-day services or respite care.
CalPERS Long-Term Care (LTC) is not an employer-paid benefit: it is a not-for-profit program with voluntary participation. Current California public employees, retirees, their spouses, parents, parents-in-law, adult children, and adult siblings between the ages of 18 and 79, are eligible to apply for coverage.
Applicants do not have to participate in CalPERS retirement or health benefit programs to be eligible. Eligible family members may apply for CalPERS LTC, even if the public employee or retiree that makes them eligible does not apply for, or is not approved for, coverage. Of course, applicants must pass underwriting in order to be approved for coverage.