In 2019, the legislature created the state’s Long-Term Services and Support Trust, called Washington Cares, to address a growing need for long term care supports. The program is funded by a payroll deduction of $0.58 per $100 starting January 1, 2022 and will provide benefits to workers who have paid in for ten years or for those have paid into the system in 3 of the last 6 years before needing the benefit. The state benefits will be paid to qualifying individuals who reside in Washington when they need to rely on that benefit. There is a lifetime maximum benefit of $36,500 which will increase annually to keep pace with inflation. For those who decide to opt out of the state plan, the window to opt out runs October 1, 2021 through December 1, 2022, but members must show proof that their qualifying private long-term care insurance was purchased before Nov 1, 2021.
Click "Read More" below for more information.