Beginning in January 2022, workers in Washington will contribute 58 cents per 100 dollars of earnings. Then in January 2025, everyone who qualifies will be eligible for up to $36,500 (adjusted to inflation) in long term care support.

Beginning in January 2022, workers in Washington will contribute 58 cents per 100 dollars of earnings. Then in January 2025, everyone who qualifies will be eligible for up to $36,500 (adjusted to inflation) in long term care support.

A better plan for Washington, that takes the burden off those we love

Pay into the WA Cares Fund when you’re working, save when you’re not, and access care when you need it

Most of us will pay for long term care, either for ourselves or for someone we love. The choice we have is whether to pay for it suddenly in a daunting lump sum, or a little at a time when we can afford it.

The situation will be different for everyone: you break your leg hiking and live alone with no one to help you recover. Your spouse has dementia and needs someone to look after their meals and care while you’re at work. Your diabetes and high blood pressure get worse, impacting your eyesight so you can no longer cook, bathe or move around safely. Your options right now are to risk paying (or relying on a family member to pay) for long term care out of savings or a reverse mortgage, or manage that risk by paying high premiums for private long term care insurance. Starting next year, Washingtonians will have a third option: the WA Cares Fund.

“The WA Cares Fund gives Washingtonians the opportunity to age with dignity and independence. It allows us all to put a care plan in place without quitting jobs, going into debt or putting a burden on our families,” says Ben Veghte, director of WA Cares Fund for the Washington State Department of Social and Health Services.

“Private long term care insurance is unaffordable for most people. Paying annual premiums when you’re working is hard enough, but the real problem comes when you’re retired and on a fixed income. You owe premiums until you need care, which means you can be paying into your 80s. Many people are also over-insured, and never end up using the full value of their policy,” says Ben Veghte, director of WA Cares Fund for the Washington State Department of Social and Health Services.

“Private long term care insurance is unaffordable for most people. Paying annual premiums when you’re working is hard enough, but the real problem comes when you’re retired and on a fixed income. You owe premiums until you need care, which means you can be paying into your 80s. Many people are also over-insured, and never end up using the full value of their policy,” says Ben Veghte, director of WA Cares Fund for the Washington State Department of Social and Health Services.

Beginning in January 2022, workers in Washington will contribute 58 cents per 100 dollars of earnings. Then in January 2025, everyone who qualifies will be eligible for up to $36,500 (adjusted to inflation) in long term care support.

“Private long term care insurance is unaffordable for most people. Paying annual premiums when you’re working is hard enough, but the real problem comes when you’re retired and on a fixed income. You owe premiums until you need care, which means you can be paying into your 80s. Many people are also over-insured, and never end up using the full value of their policy,” Veghte says.

Benefits of the WA Cares Fund

  • Convenient. Just a few dollars from your paycheck and it’s automatically deducted. Stays with you even between jobs.
  • Fair. Women pay the same rates as men, and care covers pre-existing conditions like cancer, diabetes, MS, and high blood pressure.
  • Flexible. Stay home, or go wherever is best for you, to receive help how and when you need it. You can even use the WA Cares Fund to receive paid care from family members
  • Affordable. No premiums when you retire, or are between jobs.

“I’ve heard stories from people who faithfully paid for long term care insurance but lost coverage when they could not continue paying when premiums increased. Consumers need to be aware,” says Cathy McCaul with AARP Washington. “If you miss a premium payment, change jobs, or have a change in health status, your policy could be terminated. The WA Cares Fund acts as a safety net, and unlike private insurance, you stop paying into WA Cares when you stop working.”

Learn more at WALongTermCareOptions.info.

Talk to us

The news and editorial staff of Sound Publishing, Inc. had no role in the preparation of this post. The views and opinions expressed in this sponsored post are those of the advertiser and do not reflect those of Sound Publishing, Inc.

Sound Publishing, Inc. does not accept liability for any loss or damages caused by the use of any products, nor do we endorse any products posted in our Marketplace.

More in Local Marketplace

As an advocate for physical and mental wellbeing, Jaime Jaynes created Port Townshend’s Vespertine Boutique as a safe, confidential retail destination for clients to discover products, techniques and services that support life-long health.
Travelling with toys

If you’re lucky enough to have travel plans this year, you might… Continue reading

Laycee Gwyther from Executive Beauty Suites sponsored the Youth For Freedom Pathfinder Program this year, which awarded $5000 to Rebecca Simler for culinary school.
Everett entrepreneur donates $5000 to youth leadership scholarship

Recipient plans to open allergy-friendly restaurant with free meals for the homeless

Providence Regional Medical Center Everett’s Occupational Medicine clinic in Mill Creek provides prompt, comprehensive health services.
Providence’s Occupational Medicine Clinic helps local employees get back to work

When a Snohomish County resident had a 10-year workplace injury claim that… Continue reading

With shady spaces outside and air-conditioned spaces inside, Quail Park of Lynnwood keeps things cool, even on the hottest days.
Beat the Heat: Summer-savvy senior living in Lynnwood

From fresh, nutritious cuisine to comfortable, air-conditioned spaces, this is summer at its best!

Patrick Novack, VP, Relationship Manager at Coastal Community Bank can help you plan for the present and the future.
Business planning tips during an uncertain economy

Managing a business and planning during an economic landscape of rising interest… Continue reading

One year ago, Vespertine Boutique opened in Port Townshend with a mission to ensure that people know there are numerous ways to access personal healthcare, including pleasure, contraception, and sexual education.
The right to healthcare for all humans

Here at Vespertine Boutique, we believe we would be doing a disservice… Continue reading

Crystal Smead, owner of The Glitterbox Nail Studio (left) and Viri Guillen, owner of Glowing Skin Esthetics. Find both businesses at Executive Beauty Suites in Everett.
Women empowering women: 2 beauty entrepreneurs set up shop at Everett hub

Skincare and nail specialists find supportive atmosphere at Executive Beauty Suites

Arlington SkyFest is a family-friendly weekend of fun.
It’s a balloon, it’s a plane … it’s Arlington SkyFest 2022!

Full weekend of fun includes Campout, SkyFest and Airport Community Day; Aug. 19 to 21

Karren Hill, who has served as a bus driver with Community Transit for over 40 years, smiles with an Employee Excellence Award that she was given.
For Community Transit drivers, employee benefits are the secret sauce for a great career

We’ve all felt the effects of the current labor shortage. But every… Continue reading

Stacy Morse is a Mortgage Loan Representative at the Peoples Bank Everett Real Estate Loan Center.
That fixer-upper could be your dream home

Boost your buying power with a HomeStyle Renovation Loan

Greater Seattle now has access to Smokey Point Behavioral Hospital's transgender and nonbinary programs that focus on family support.
Transgender and nonbinary supports now available to Greater Seattle

Smokey Point Behavioral Hospital programs support both adolescents and their families

Embracing “community” in every sense of the word, the team at Quail Park create a space where residents thrive – exploring, discovering and sharing with friends, family, fellow residents and the care team.
Lynnwood residence shows why community is key to wellness at any age

Quail Park of Lynnwood creates a vital, engaging space where seniors thrive