New State Payroll Tax Will Provide for Long-Term Care Insurance,” by Ryan Rogers, KIMA

Quote“Last month the state legislature passed a bill to implement a new payroll tax. … Zavala says people can opt-out of the tax if they buy their own long-term care policy.”

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

Headlines like that guarantee this new program will do more harm than good. People see the lead, skip the story and think: “Oh well, another tax to pay, but at least I don’t have to worry about long-term care anymore.” Big mistake as any objective critique of the plan will bear out.