Have you heard of the Washington Cares Fund? If you haven't, it's the first state run and funded Long-Term Services & Supports program. Originally signed in 2019 by Governor Jay Inslee, as of January 1st, 2025, Washington State Residents who need long-term care may be able to claim benefits (based on needing help with 3 of 10 ADLs) from the state and receive a benefit of up to $100 per day up to a maximum benefit of $36,500. Undoubtedly for many families these benefits are going to welcomed and helpful. But, of course, someone has to pay for the program.
3 min read
The Private LTC Insurance Option for Washington State Workers
Topics: Long Term Care LTC/Extended Care-State Initiatives Tax Benefits
LTC Client Identifier
One size does not fit all when it comes to planning for extended or long term care. A client in the 40's doesn't "hear" information in the same way as a client in their 50's or 60's. ASH brokerage's brochure offers you targeted approaches for different ages and needs.
Topics: Client Point of Need LTC/Extended Care-State Initiatives
1 min read
Webinar: The Surprising Similarities Between Traditional LTC and Some of the New Life/LTC Plans featuring Tom Riekse
There are many misconceptions among consumers and advisors about both traditional LTC and Linked Life/LTC Plans. This webinar will discuss how the new combination Life/LTC plans can be very similar to traditional LTC plans and visa versa. Learn about the list of similarities between how the products work, the three key differences between the types of products and why meaningful benefits can be affordable for a wider consumer market.
Topics: Planning in Advance LTC/Extended Care-State Initiatives Lifestyle Planning Traditional LTCI
LTC & Extended Care Advocacy with Steve Kline of NAIFA Government Relations
Steve Kline, Director of Government Relations for the National Association of Insurance and Financial Advisors (NAIFA) and Carroll Golden, Executive Director of the Limited & Extended Care Planning Center (LECP) discuss the progress made on collaborative advocacy efforts from 2017 until now. This engaging interview discusses NAIFA's stance on extended care issues, highlights current events regarding extended care planning on both state and federal platforms, and discusses what to expect from state regulators on long term care issues. Through the LECP task force, NAIFA advisors are constantly prioritized through advocacy initiatives.
Topics: Advocacy Long Term Care Extended Care Benefits LTC/Extended Care-State Initiatives Products Government Programs Combo Products Strategy
2 min read
Washington State to Enact Public Long-Term Care Benefit Plan
Topics: Advocacy Long Term Care Extended Care Benefits Consumer Eldercare LTC/Extended Care-State Initiatives Government Programs
1 min read
LTSS Coverage and Financing Reform: States Continue to Innovate
Join AcademyHealth’s Long-Term Services and Supports (LTSS) Interest Group from 2:00 – 3:30 p.m. ET on Thursday, April 11 for its spring webinar, which will offer a view on the efforts of states to reform the financing of long-term services and supports as well as an in-depth look at different state approaches.
Topics: Long Term Care NAIFA Events LTC/Extended Care-State Initiatives Funding Blogs
1 min read
3 Creative Ways that Annuities can Fund LTC Insurance
According to insurance industry research group LIMRA annuity sales had their best quarter in nearly 10 years with 62.1 billion in 4th quarter 2018 sales, up 22% year over year.
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