Dear Fortiphi friends- we wanted to take a few minutes to explain the most recent Washington State Long-Term Care Trust Act that will be
taking effect January 1, 2022. This makes us the first state in the nation to create a publicly funded insurance program that will provide
working residents of Washington an opportunity to vest into a basic level of LTC benefits. The program will be funded by Washington
workers who will pay premium assessments (a tax) through employer payroll deductions.
An opt-out window exists for residents who own “private long-term care insurance” to apply for an exemption from the premium tax. The opt-
out window runs from November 1, 2021 through December 31, 2022.
o are not residing in Washington state when qualified to receive benefits – even if vested in the program.
An employee who attests they have “long-term care insurance” has the option to apply for an exemption from the premium tax. Note that once the employee is determined to be exempt, they may not later apply to become a qualified individual or eligible beneficiary – they are permanently ineligible for coverage under the program.
November 1, 2021 through December 31, 2022.
RCW 48.83.0201 enacted by the Washington State Legislature defines “long-term care insurance” for Washington state (not federal) purposes. Included in the definition are the following types of insurance: