Washington State May Be the First to Offer Publicly Funded Long-Term Care Insurance
Universal Long-Term Care Insurance In Washington
In early
Long-term care insurance would be publicly funded through payroll taxes amounting to roughly 0.58 percent of each worker's wages. Collection on the taxes would begin in 2022, with benefit payment beginning in 2025. To be eligible for the coverage; residents would need to have worked at least part-time for a minimum of five consecutive years over the previous decade. A companion bill is currently pending in the Democratically-controlled
Advocates claim universal long-term care insurance serves an important need. Although the amount offered is unlikely to match the actual costs that residents incur. The recent Cost of Care Study conducted by
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