“With his signature, Inslee pauses WA Cares program for 18 months”

“With his signature, Inslee pauses WA Cares program for 18 months,” by Austin Jenkins, OPB   Quote: “Gov. Jay Inslee on Thursday signed into law a bill that delays the start of the program until July 2023, giving lawmakers 18 months to make revisions to the program and reassess its long-term solvency. The new law, which goes into effect immediately, also provides refunds to any employees who saw their paycheck docked after the payroll tax to fund the program kicked-in on January 1. Additionally, the measure changes the eligibility requirements for WA Cares to allow people born before January 1, 1968 to
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Categories: Clippings, Industry News, and State LTC Programs.

“Question Answered”

“Question Answered,” by Stephen A. Moses   Quote: “Q: Is income more difficult to hide than assets for estate/medicaid planning purposes? “A: There’s no need to ‘hide’ income. Medicaid subtracts personal health and LTC expenditures from income before applying the “low income” standard. Most people who apply for Medicaid LTC have very high personal health and LTC expenditures. So the vast majority of Americans qualify based on income without any special planning. The rule of thumb is that anyone with income below the cost of a nursing home qualifies based on income. “Medicaid planning is done mostly for assets, but
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Categories: Clippings and Industry News.