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What does state-mandated LTCi mean for your clients?

What does state-mandated LTCi mean for your clients?
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Class Action Lawsuit Filed Against Washington State's Long Term Care Act | Seyfarth Shaw LLP

Seyfarth Synopsis: A class action lawsuit has been filed against Washington State’s Long-Term Services and Supports Trust Act (the “Act”) that requires each worker in Washington to. ....

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Washington State's Plan Not Long-Term Care Solution - Yet other States May Follow

The issue of long-term health care planning is not new; however, many people have been hearing more about long-term care in the past year than ever before. The consequences of the coronavirus, especially with older people, and its impact on long-term care facilities and home health care providers have been ....

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Did you receive a 'long-term care' email from your employer? Here's what it means to opt-in or opt-out

Did you receive a ‘long-term care’ email from your employer? Here’s what it means to opt-in or opt-out
June 14, 2021 at 5:01 pm
They arrived over the past month in the inboxes of Microsoft coders, Amazon copy editors, and Boeing engineers along with tens of thousands of other employees across Washington state: Emails from payroll departments or human resources telling staffers that they might have the option to opt-out of a new state payroll tax to fund long-term care.
To which many employees responded: “What in the world…?”
The reason for the email is a somewhat forgotten tax and program approved by the state legislature three years ago: The Washington Long-term Services and Supports Trust Act (LTSS). This year, the Act takes effect and includes a tax paid by employees unless those workers get an approved long-term care plan elsewhere. ....

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Do You Have Employees In Washington State? Take Note: New Long-Term Care Payroll Tax Goes Into Effect January 1, 2022 - Employment and HR

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In an effort to plan for the projected long-term care needs
of its residents, State of Washington passed the
Long-Term Services and Supports Trust Act (SHB
1323) requiring each worker in Washington to contribute
$0.58 per $100 (0.58%) of wages to a trust set aside to pay
long-term care benefits for its residents. The law was enacted in
2019 and becomes effective in 2022. Benefits under the Act are
first payable in 2025. Washingtonians may opt out, but must have
qualifying long-term care coverage in place by November 1,
2021.
Overview:
Starting January 1, 2022, employers must remit on a quarterly ....

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