“Employers Must Collect Employee Premiums under the New “Washington Cares”

“Employers Must Collect Employee Premiums under the New “Washington Cares” Program Starting 1/2022; Employee Window to Obtain Alternate Coverage Closes on 11/2021,” JDSupra

 

Quote:

“Is there a cap on either the employee premium or the benefits an employee can receive?  Notably, there is no cap on the employee premium collected.  Thus, highly compensated employees will contribute more to the Fund based on their earnings, yet they will only be eligible to receive the same lifetime benefit of $36,500, indexed for inflation, as all other employees.  Employers may want to flag this feature of the law to their employees, especially given the fast-approaching deadline to opt out of the WA Cares Fund (November 1, 2021).”

 

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

WA Cares Fund kind of turns welfare upside down. Instead being poor to get it, you get to be rich and pay for it.