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By Online Filmek
Oct 2, 2021
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Starting Oct. 1, residents can apply to opt out of the WA Cares Fund, a new long-term care insurance benefit for workers in Washington state.
The program, which will be funded by a mandatory payroll tax, will help pay for eligible long-term care-related expenses.
Beginning Jan. 1, every employee will pay 58 cents for every $100 they earn. So, if you make $75,000 a year, you'll pay $435 a year.
The program will initially pay out $36,500 in long-term care benefits starting in 2025.