In response to concerns over eligibility, “opt-outs”, and solvency, Washington’s LTC program was delayed until July 2023. Recent actuarial studies show the 0.58% payroll tax to fund the program will be sufficient to fund benefit payments under most, but not all, scenarios examined. WR expects numerous proposals to reform, or even repeal, the LTC program in 2023.
WR supports efforts to reform and repeal the flawed and costly LTC program. We will work with employer and legislative stakeholders on key strategies to address our members significant concerns.