public long-term care insurance

Voters To Decide On Washington State’s Public Long-Term Care Insurance Program

Washington voters will decide the fate of the state’s path-breaking public long-term care insurance program in a referendum this Fall. If adopted, Initiative 2124 would make participation in the Washington Cares program voluntary, effectively killing it. The effort, largely bankrolled by hedge fund manager Brian Heywood and backed by prominent state Republicans, is the latest attempt by conservatives to dismantle [...]

By |2024-02-21T10:08:40-05:00February 21st, 2024|long-term care insurance|0 Comments

Washington State Delays Public Long-Term Care Insurance Until April, Explores Changes

Facing a lawsuit and political opposition, Washington State Governor Jay Inslee has delayed until April a payroll tax aimed at funding the state’s first-in-the-nation public long-term care insurance program. Inslee said the delay will give the legislature time to address what he called “areas that need adjustment.” A state long-term care commission advising the legislature and governor will recommend a [...]

By |2021-12-20T10:08:31-05:00December 20th, 2021|long-term care insurance, Uncategorized|0 Comments

How Making Public Long-Term Care Insurance (Sort Of) Voluntary Created A Mess In Washington State

When Washington State legislators approved a public long-term care (LTC) insurance program in 2019, they made a last-minute change: Residents could opt out if they purchased private LTC coverage by Nov 1, 2021. Those who remained would pay an annual payroll tax surcharge of 0.58 percent starting next year and, in return, be eligible for a public LTC insurance benefit [...]

By |2021-10-06T15:09:24-04:00October 6th, 2021|long-term care insurance|0 Comments

Where Long-Term Care Reform Goes Now

Last week, President Biden agreed to drop his proposed $400 billion increase in the federal share of Medicaid’s home-based long-term care services. He made the concession to reach a deal with a bipartisan group of 21 senators on a much broader physical infrastructure bill. But the flaws in the current system of supports and services for older adults and young [...]

By |2021-06-30T10:38:34-04:00June 30th, 2021|long term care reform|0 Comments

Joe Biden Is Slowly Acknowledging The Nation’s Need To Reform Long-Term Care

Likely Democratic presidential nominee Joe Biden is, very slowly and cautiously, acknowledging the need to reform the way we support frail older adults and younger people with disabilities. In recent days, a task force created by his campaign made several proposals to expand home and community based care under Medicaid and support both family and paid caregivers. Since covid-19 has killed more [...]

By |2020-07-19T14:31:28-04:00July 19th, 2020|long term care reform|2 Comments

Washington State’s Public Long-Term Care Insurance Program Is On The Verge Of Becoming Law

A first-in-the-nation state long-term care insurance program is likely to become law within a few weeks. In Washington State, both houses of the legislature have approved the measure, though they must resolve relatively minor differences between the two bills. Gov. Jay Inslee has promised to sign it. Washington would be the first state in the US to enact a public [...]

Another Shock To The Long-Term Care Insurance Industry

Genworth, once the largest seller of long-term care insurance policies, has announced that it has stopped selling individual stand-alone coverage, as well as immediate annuities, through brokers and agents. Company officials say the decision is temporary, but for now it will sell only through direct-to-consumer channels or through employers or affinity groups--currently a very small market. Independent brokers fear the [...]

By |2019-04-01T11:49:26-04:00April 1st, 2019|long-term care insurance|5 Comments

Is Washington State About To OK Public Long-Term Care Insurance?

Washington State may soon approve the nation’s first publicly-funded long-term care insurance program. The measure, called the Long-Term Care Trust Act, would provide a maximum benefit of $36,500 for people who need assistance with at least three activities of daily living (ADLs) such as bathing, toileting, transferring, dressing, or eating. It would be funded with a payroll tax (or what [...]

By |2019-03-03T17:27:04-05:00March 1st, 2019|long-term care insurance|0 Comments