One of the biggest criticisms of the questionable WA Cares long-term care insurance plan is that beneficiaries would not be able to use it if they moved out of state. Now, that’s probably changed.
The House of Representatives passed House Bill (HB) 2467, which would allow others to continue investing if they leave the state. Previously, if you moved, the policy would not apply to you. The House bill would allow other people to leave the state to continue making a contribution to the program.
Aside from criticism about the profit of just over $36,000, this is one of the biggest flaws, critics said.
Recently, a bill that would allow so-called portability has been introduced in the Senate, it is Senate Bill (SB) 6072. It would allow out-of-state use.
The WA Cares plan followed in 2019 went into effect in 2023 and the tax began in July. All workers in Washington pay a 0. 58 percent payroll tax to fund the program, which is expected to go live in 2026.
However, this November, voters will vote yes or no on Initiative 2124, which would allow anyone to opt out at any time. The initial era of opt-out was very short, and many citizens did not act in time to download their own long-form files. Term care insurance will be exempt from the program.
Critics say the plan is flawed and underfunded, and many Washingtonians will never be able to use it. Proponents argue that if I-2124 passes, the program will be dead due to insolvency. Opponents of the newer law say it’s a ploy. convince the electorate to vote against I-2124 by solving the out-of-state problem.
Gallery Credit: Liz Barrett Foster
The substitution would allow beneficiaries of the WA CARES budget to “take them with them” if they move out of state.
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One of the biggest criticisms of the questionable WA Cares long-term care insurance plan is that beneficiaries would not be able to use it if they moved out of state. Now, that’s probably changed.
The House of Representatives passed House Bill (HB) 2467, which would allow other people to continue investing if they leave the state. Previously, if you moved, the policy would not apply to you. The House bill would allow other people to leave the state to continue making a contribution to the program.
Aside from criticism about the profit of just over $36,000, this is one of the biggest flaws, critics said.
Recently, a bill that would allow so-called portability has been introduced in the Senate, it is Senate Bill (SB) 6072. It would allow out-of-state use.
The WA Cares plan followed in 2019 went into effect in 2023 and the tax began in July. All workers in Washington pay a 0. 58 percent payroll tax to fund the program, which is expected to go live in 2026.
However, this November, voters will vote yes or no on Initiative 2124, which would allow anyone to opt out at any time. The initial era of opt-out was very short, and many citizens did not act in time to download their own long-form files. Term care insurance will be exempt from the program.
Critics say the plan is flawed and underfunded, and many Washingtonians will never be able to use it. Proponents argue that if I-2124 passes, the program will be dead due to insolvency. Opponents of the newer law say it’s a ploy. convince the electorate to vote against I-2124 by solving the out-of-state problem.