When we get old it’s difficult to perform everyday tasks.  For those of us who are alone there is no one to help with making meals, bathing, and the other assorted things that are part of daily living.

I have written about this before. https://coastcontact.wordpress.com/2008/10/16/long-term-care-insurance/.  There has been an issue about the climbing rates for this type of insurance and the fact that many insruance companies have raised the monthly rate for those already enrolled.

 Now CalPERS (California Public Employees’ Retirement System), the second largest organization offering long term health care insurance, will be raising their rate by 85% in 2015.  The article in the Los Angeles Times advising of the planned rate increase tells of a retired 82 year old man who calculates his new rate will be $785 a month.

 As I wrote in my previous commentary this is insurance that only the rich can afford. As Consumers Reports advises “One percent of those ages 65 to 74 live in a nursing home, 4 percent of 75- to 84-year-olds, and 19 percent of those age 85 and older.”

 If  CalPERS can’t control costs what makes you think your insurance company can do the job?  That agency has more than 148,000 policyholders in its long-term-care program.