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

More in Local Marketplace

Design inspiration may be as close as your favorite restaurant, like this amazing space at Ascend Prime Steak & Sushi in Bellevue created in part by Granite Transformations.
Inspired design: From your favorite restaurant to your home!

Transform your home with spectacular backsplashes, feature walls and other unique design features

Visit Vespertine Boutique at 914 Water St. in Port Townsend, or get in touch at 360-344-2654 or info@vespertineboutique.com.
Intimate assistive tech for people with disabilities

“At some point in their lives, most people will either have a… Continue reading

The Skagit Historical Museum exhibit <em>Hugo Helmer: Skagit’s Own Music Man </em>struck a chord with museum-goers in 2021. After a little refurbishment in January, the museum will re-open with an exciting line-up of exhibits for 2022. Skagit Historical Museum photo.
Skagit’s history comes to life in 2022 with generous local support

The past year has been a time of reinvention for many as… Continue reading

The Ladies tea was among the recent highlights at the Quail Park at Lynwood.
Make 2022 the year you live for you!

How to choose a community that brings you joy in retirement

For a free consultation to discuss your claim and find out how Stop Claims Corp can help your business guard against unfair L&I decisions, call 844-STOP-CLAIM (786-7252) or email info@stopclaims.com. Visit stopclaims.com to learn more.
Facing high L&I premiums, this Kent company called in the experts

If companies don’t understand the fine print of L&I decisions, they may be paying unfair premiums

Katherine Bumstead, M.D., is a family medicine physician practicing at Providence Medical Group Harbour Pointe Clinic. She says establishing a long-term, personal relationship with a trusted health care physician may be one of the best things we can do for our overall health.
Got a doc? The benefits of a long-term relationship with your health care physician

So many of us live transitory lives today, moving from place to… Continue reading

Everything at The New Mexicans is made from scratch using the authentic South West recipes.
Everett restaurant serves up South West cuisine and Pacific Northwest hospitality

Everett residents are spoiled for choice with great places to eat, especially… Continue reading

Humana teaser photo
Eligible for Medicare? The Clock is Ticking to Choose Your 2022 Coverage

Making a list and checking it twice isn’t just for the holidays… Continue reading

Laura Williams, Executive Director, GenCare Lifestyle the Village at Granite Falls.
Home for the holidays at Granite Fall’s senior living community

For many folks, the holidays are a time of happy memories, especially… Continue reading

Whether it’s occasions shared with loved ones, or the time to indulge a hobby or pastime retirement living should be about doing what you want to do.
Seniors celebrate an extra-special Thanksgiving with family, friends and community

Thanksgiving is about spending time with friends and family, sharing stories, good… Continue reading

f
Lung screening (and robots) bring life-saving effects to Puget Sound

Lung cancer screening is now covered by most insurance providers for high-risk 50 to 80-year-olds