Insight, details and the impact the Washington Cares Fund program is having on the entire LTCi industry.
In early January 2022, GoldenCare held our special annual Industry Updates webinar. This year, the focus was on the Washington Cares Program, the new exemption language and potential for requiring proof of coverage for ongoing exemption verification.
Other states are considering similar programs. Steve predicts the potential impact if opt-out deadlines are required prior to the announcement of a given state’s plan.
February 13, 2023 “It appears the Washington State Legislature will not be considering any new changes to the WA Cares Fund during its 2023 session. CLTC has learned that the Washington Legislature does not plan to consider any of the recommended changes during its current, 2023 session. Specu ...
“The second failed attempt at public insurance for long-term services and supports,” by Mark J. Warshawsky, AEI Quote: “In short, we have another public LTSS insurance program that is deeply unpopular, poorly designed, unstable, insolvent ab initio, perhaps illegal, and, without major changes ...
We are pleased to announce that effective February 1, 2022, Mutual of Omaha will once again accept Income Advantage and Life Protection Advantage IUL applications that include the Long-Term Care Rider in the state of Washington. Important information to know: Applications, illustrations and quoting ...
“How Medicaid and Medicare Fit Into Planning for Long-Term Care,” by Harry S. Margolis, Next Avenue Quote: “Beginning this year, workers in Washington state must pay 58 cents of every $100 they earn into the Washington Cares Fund to help pay their long-term care costs in the future. Those wit ...
“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 so ...
Important Care Solutions Product Portfolio Updates We have two important updates regarding our Care Solutions Product Portfolio, both effective Feb. 1, 2022. Washington Asset Care and Annuity Care Sales Update We are pleased to announce that effective Feb. 1, 2022, OneAmerica® will resume sales of o ...
“What’s next for beleaguered WA long-term care program?,” by Melissa Santos, Crosscut Quote: “Nina Valerio and her husband, Joseph Scott, thought they were planning ahead by buying private long-term care insurance more than two decades ago. The Seattle couple, both retired university ...
“The irony of long-term care advocacy,” by Stephen A. Moses, McKnight’s LTC News Quote: “Long-term care faces a world of hurt. The COVID pandemic worsened the profession’s chronic long-term problems including revenue shortfalls, caregiver shortages and wage pressures. Researchers, operators and p ...
February 13, 2023 “It appears the Washington State Legislature will not be considering any new...
Read More“The second failed attempt at public insurance for long-term services and supports,” by Mark J. Wars...
Read MoreWe are pleased to announce that effective February 1, 2022, Mutual of Omaha will once again accept I...
Read More“How Medicaid and Medicare Fit Into Planning for Long-Term Care,” by Harry S. Margolis, Next Avenue...
Read More“With his signature, Inslee pauses WA Cares program for 18 months,” by Austin Jenkins, OPB Qu...
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