Washington Gov. Bob Ferguson entered office warning that a multibillion-dollar budget shortfall would require spending cuts ...

Washington Gov. Bob Ferguson signed a new law expanding Washingtonians’ options for accessing long-term care support through the WA Cares Fund.

Millions of disabled and elderly people across the state could have their housing ripped out from under them due to the cuts.

The average future cost of long-term care for someone turning 65 today is about $122,400, the HHS-Urban report said. But some people need care for many years, pushing lifetime costs well into the ...

Washington’s innovative and supportive program is already under fire: A measure before the state’s voters in the November 2024 elections would make paying the long-term care tax optional for ...

The law allowed anyone working in Washington to opt out of the tax if they purchased a private long-term care insurance policy before November 1, 2021. Over 450,000 Washingtonians purchased ...

long-term care and human services. Another Democrat-backed revenue measure, SB 5813, seeks higher tax rates for Washington’s ultra-rich residents via more progressive capital gains and estate taxes.

New rules would restrict access to the low-income health insurance program, punish states covering undocumented children, and ...

Some states have begun to address the issue. Washington State recently passed a 0.6% payroll tax to fund a new universal long-term care insurance program called WA Cares, which provides $36,500 in ...

There are significant federal tax benefits in purchasing long-term care insurance, but like everything else in life and business the devil is in the details. Fortunately, the Health Insurance ...

To get around this problem, insurance companies have developed a product called a long-term-care annuity. This combines a deferred fixed annuity (a tax-deferred savings vehicle) with LTCI.

OLYMPIA – Faced with a looming deadline, the Washington Senate passed ... as well as our long-term goal of reforming our outdated, unfair tax code.” The bills passed the Senate this weekend ...