Скачать или смотреть CareMatters & WA LTC - February 16th, 2022

Last year, all eyes were on Washington state as they passed the Long-Term Care Trust Act (also referred to as the Long-Term Services and Supports Act or the WA Cares Fund). This Act, the first-of-its-kind law, imposed a mandatory payroll tax for WA-based employees on all compensation effective January 1, 2022. Several provisions of the new law have been considered controversial and needing further review. On January 27th, 2022, Governor Inslee signed House Bill 1732 and 1733 into effect, which outlies the revisions that are to be made to the Act. The signing also delays the implementation of the WA Cares Fund until July 1, 2023.

Delaying the implementation of the program will allow lawmakers to fully address many of the systemic issues in the Act, but there are still many unknowns. Legislation that was assumed to be of interest only in Washington state took the LTC industry by storm and turned it up-side-down. Numerous states are now eyeing the possibility of enacting similar legislation. Join E4 Insurance Services on this week's BREW as we sit down with Ben Hatch and Matt Redick from Nationwide CareMatters as we discuss:

Other States considering similar LTC mandates
Learning from Washington State
Why Private LTC insurance should still be at the front of your mind
Nationwide LTC Solutions