Survey finds family caregiver burden is worsening
The COVID-19 pandemic is exerting even more pressure on family caregivers, according to a new survey by caregiving benefit firm Family first.
Bipartisan group of WA state lawmakers ask Gov. Inslee to pause long-term care insurance tax
WA state lawmakers are starting to see the ripple effects of the new LTC tax. By asking for a pause, lawmakers hope that additional time will be used to better define the opt-out process, clarify how it effects workers who reside in neighboring states, and ‘avoid disruptions of the private insurance market.
Have a client who needs an LTCI quote? Click here to request one.
Consumers Use Up WA State’s Private LTCI Capacity
Anyone in WA state who does NOT want to pay the LTC tax must have a private policy by November 1st. That’s flooded the market to the point that private carriers are no longer taking new applications.
Contact Your Agent First When Your Carrier Offers a Change
LTCI carriers sometimes send unsolicited letters offering to reduce premium payments. Is it a good deal for the policy holder?
Source:
If you have any questions about topics in this newsletter please contact us.
To help determine if long-term care (LTC) insurance is right for you, we are offering a FREE informational guide. This is a comprehensive booklet that will answer many of your questions about tax breaks and incentives for LTCI for federal and state taxes.
To help determine if long-term care (LTC) insurance is right for you, we are offering a FREE informational guide. This is a comprehensive booklet that will answer many of your questions about LTC and assist you with your health care planning.