Major Changes to Washington State’s Long-Term Care Program In 2019, Washington became the first state in the country to create a government-run long-term care insurance program. The program, newly labeled the “WA Cares Fund,” will be financed through a payroll...
How can I opt out of the Washington Cares Fund? There are 5 steps you have to take in order to opt out (and stay out) of the Washington Cares Fund payroll deduction. Step 1: You must purchase LTCi before November 1st, 2021 If you don’t yet own long-term care...
Washington LTC Trust Act Opt-Out Washington LTC Trust Act Opt-Out – Are exclusions allowed? The State of Washington passed the Long-Term Care Trust Act on July 28, 2019 in hopes of reducing the Medicaid budget. What is it? It is a payroll tax: $.58 for every...
Is the state of Washington Long-Term Care Trust Act universal long-term care? UPDATE: The Washington Long-Term Care Trust Act was passed today, April 16th, in the Washington state senate. It will now proceed to the governor’s desk and be signed into...
Washington Long-Term Care Trust Act As an insurance agent who specializes in long-term care insurance, I support the Washington Long-Term Care Trust Act. It will help to slow the growth of Medicaid. 1. By providing a year of modest benefits ($100 per day for 365 days)...
100% False – “Premiums for New Long-Term Care Insurance Policies Have Soared in Past Year” Elderlawanswers.com recently published an article entitled, “Premiums for New Long-Term Care Insurance Policies Have Soared in Past Year!” The article starts...