Long-Term Care Insurance Specialists Nationally Should Worry About Washington State Initiative
Summary
Los Angeles, CA, June 26, 2024 --( PR.com )-- This November, we will closely watch whether Washington State voters repeal the recently enacted long-term care insurance program declared Jesse Slome, director of the American Association for Long-Term Care Insurance (AALTCI).“Washington’s long-term care insurance program started taxing workers this July," explains Jesse Slome, AALTCIs director. "This November, Washington voters are being given the choice to make the program optional and early polling shows thats very likely to happen. "A Cascade PBS/Elway poll conducted last month found that 47 percent of respondents would vote to repeal the program (or make it optional). "Making the Washington CARES program option basically will kill the effort as it wont be financially viable," Slome explains. "If you are a 30-year-old healthy employee earning $150,000, voting to make the program optional adds $870 back to your annual income," states Slome.