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LONG-TERM CARE OPTIONS FOR ADULTS 18 YEARS OF AGE & OVER

MEETS WA STATE LONG-TERM CARE TRUST ACT

IMPORTANT UPDATE:

The current Long-term Care market is at capacity and there are no longer any carriers in the market for new business. At this time, their focus shifted to processing existing applications to meet the November 1, 2021 deadline.

Statuses of any applications you’ve submitted will be given by our team as we have them available and we will inform you about the opt-out process as soon as we hear from the Trust Act.

WHAT IS THE WA STATE LTC TRUST ACT?

Washington State passed a law mandating public long-term care (LTC) benefits for Washington residents. Beginning January 1, 2022, Washington residents will fund the program via a payroll tax set at $0.58 per $100 of payroll. This tax is permanent and applies to all residents, even if your employer is located outside of the state. While this program may be appropriate for many Washington State residents, such as those with average income and/or health conditions that prohibit obtaining private coverage, it may not be advantageous for you based on your individual situation.

Under this current law, you have one opportunity to opt out of this tax by having a long-term care insurance (LTCi) policy in place by November 1, 2021.