It’s been a long time since pronouncements like ‘unprecedented interest’ or ‘401k-like enrollment numbers’ have been associated with long-term care insurance. But a new initiative in Washington State is pushing LTC to the forefront of coverage conversations.
The Evergreen State has instituted the first program of its kind that will pay a benefit when an individual qualifies and home care services are received. It will be funded by a tax, commencing in January 2022, on working individuals in the state, except for those who have met and filed for an exemption because they purchased qualifying LTC insurance.
