Employers begin deducting WA Cares premiums July 1 - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Health/Employee Benefits News
Newswires RSS Get our newsletter
Order Prints
June 23, 2023 Newswires
Share
Share
Post
Email

Employers begin deducting WA Cares premiums July 1

My Edmonds News (WA)

Starting July 1, employers will begin deducting premiums from Washington workers' paychecks for the WA Cares Fund, the state's new long-term care insurance program.

Through paycheck deductions, Washington workers will contribute 0.58% of each paycheck (from gross wages with no Social Security cap) during their working years to be able to access a $36,500 lifetime benefit (adjusted annually for inflation) to help pay for long-term care services when needed.

Employers won't pay any share of premiums for their employees and can't retroactively deduct WA Cares premiums. If employers don't deduct premiums from contributing employees, employers will have to pay the premiums themselves during quarterly reporting.

What employers need to know

While employers don't pay into WA Cares, they are responsible for reporting premiums and tracking exemptions. Employers must:

* Deduct premiums from employees who aren't exempt. Employers will need to deduct WA Cares premiums from any paychecks paid on or after July 1, 2023, to employees whose work is localized in Washington (unless the employee has provided an approved exemption letter). Because both programs use the same localization definition, any worker who contributes to the state's Paid Family and Medical Leave program will also participate in WA Cares. Employers should not collect premiums from workers with an approved exemption on file. These workers must have an approved exemption from ESD and have submitted a copy of the exemption letter to their employer.

* Track employee exemptions. Some groups of workers are eligible to apply for an exemption from the WA Cares Fund. It is the worker's responsibility to provide a copy of their exemption approval letter to their employer, which states the date that worker's exemption takes effect.

* Report employees' wages and pay premiums. In October, employers will file their first quarterly reports and pay WA Cares premiums to the Employment Security Department (ESD). Employers will report for WA Cares at the same time as Paid Family and Medical Leave through an integrated employer account. However, they will need to submit a separate payment. Employer calculators to estimate WA Cares or Paid Leave premiums are available with other reporting information on Paid Leave's website. Additional employer resources are available at wacaresfund.wa.gov/employers.

To help employers answer worker questions and communicate about the program, the WA Cares team has created an employer and community toolkit. Employers with questions about the program can also contact the ESD customer care team.

What workers need to know

WA Cares is designed to help workers live independently in their homes as long as possible. By contributing a small amount of each paycheck while working – less than a dollar a day for the typical worker – they'll be able to access services like professional in-home care, making a loved one a paid caregiver, home safety modifications, meal delivery, transportation and more.

"Most of us will need some form of long-term care but don't have a way to pay for it. As our population ages, this need is growing rapidly," said WA Cares Fund Director Ben Veghte, Ph.D. "WA Cares will make a modest but critical amount of long-term care coverage affordable for all Washington workers for the first time. This program is an important step forward to help Washingtonians care for our families and age with dignity and independence."

To prepare for the program's launch, workers can:

* Learn program basics and calculate their contribution. Find more details on how the program works, including a worker contribution calculator with new features, on the recently updated WA Cares Fund website.

* Get up to speed on the program updates like benefits for near-retirees. Last year, the program added a new pathway for people who are near retirement to earn partial benefits for each year they contribute to the program.

* Research exemptions — and if they qualify and want an exemption, they need to apply and provide their approval letter to their employer. Exemptions for workers who have private insurance policies are no longer available, but four new types of exemptions are available on an ongoing basis. These new exemptions include conditional exemptions for workers who are a spouse/registered domestic partner of an active-duty U.S. armed forces member, work in Washington but live out of state, or have a temporary non-immigrant visa (including H-2A and H-1B visas). These exemptions are only valid as long as workers continue to meet the exemption criteria, and if they no longer qualify they must notify their employer and ESD within 90 days. There is also a new permanent exemption for veterans with a 70% or higher service-connected disability. They must apply to the Employment Security Department (ESD) to get an exemption and provide their approval letter to their current and future employers. If they haven't applied yet, they should do so as soon as possible to ensure their exemption takes effect July 1. Refunds will not be available for those who don't apply for an exemption or provide their letter to their employer in time.

* Get answers to questions and program news. Find webinar dates and recordings on the website. Those who still have questions can contact WA Cares. To stay up to date on news and events, subscribe to the program's mailing list.

Older

People can look up when health insurance renewal forms will arrive

Newer

Colorado Division of Insurance Seeks Order of Rehabilitation for Friday Health Plans to Protect Consumers

Advisor News

  • Your client’s $3 million portfolio doesn’t tell you their insurance needs
  • How life insurance can provide liquidity for wealthy families
  • Retirement providers turn to digital engagement to retain assets
  • Looking out for clients with diminished mental capacity
  • House panel advances CLEAR Forms Act backed by IRI
More Advisor News

Annuity News

  • What lower interest rates mean to annuity payouts
  • AM Best downgrades A-Cap insurers amid financial and regulatory troubles
  • Lawsuit claims Delaware Life hid billions in insurer-linked investments
  • AM Best to Deliver Presentation at 2026 ACLI Annual Conference
  • Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
More Annuity News

Health/Employee Benefits News

  • Beeville Council approves health insurance shift for municipal employees
  • Priority Health Earns Among the Highest NCQA Ratings for Medicare, Medicaid and Commercial Health Plans
  • As health insurance costs soar, healthcare workers also feel the pinch
  • Fact check: What would Dembo and Alvarado do to make healthcare accessible?
  • AM Best Affirms Credit Ratings of BIDV Insurance Joint Stock Corporation
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Greg Lindberg files racketeering lawsuit against Causey, rehabilitation officials
  • State reverses one-third of health insurer decisions
  • AM Best Affirms Credit Ratings of Assurant, Inc. and Its Property/Casualty and Life/Health Subsidiaries
  • AM Best Affirms Credit Ratings of Samsung Property & Casualty Insurance Company (China), Ltd.
  • Abacus Global Management Completes Landmark $400 Million Securitization
Sponsor
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.