Washington state’s 2019 passage of “The Long-Term Care Trust Act,” newly named the "WA Cares Fund," makes it the first state in the nation to provide eligible employees an opportunity to vest into a basic long term care insurance (LTCi) plan through payroll deductions. However, Washington employees may have an opportunity for an exemption from the payroll tax if they own an LTCi policy. What does all of this mean for you and your clients – and how much time do you have to help them plan for what’s ahead?
Join us as we update you on navigating the details of what “WA Cares Fund” is, who is included in the payroll tax, how affected employees could be impacted, and where your role as a financial professional fits into the conversation.
0521 SOLC21-10231-A Exp. 0522
