WA Cares Fund (WA money grab) (elementary school, tax, live in)

[rkcarguy]

Originally Posted by Arcos

The coverage you purchase has to be enough or more than the WA policy. The cost to you does not.

3) If you don't like it, or you feel like you haven't had enough time to make the right decision for yourself, write to your representatives. The US is a country where you actually have access to those who represent you. You may not get personalized service, but your opinion will be logged and if enough people write, you will see some action. See which news media have been covering this issue and write to the reporters who worked on the story... something can come of that too. At the very least, it's obvious that the law needs fixes for the opt-in/opt-out system to actually work, long term.

I have found, sadly, that #3 does not do much anymore. I seldom receive any reply, and if I do, it's some universal auto-reply letter.
This states legislature has just become a tax-proposal and rights infringement machine, which follows the below protocol:

1. Propose and pass legislation for more taxes/limiting rights/while going light handed on criminals. Is it constitutional? Maybe, or no? Did the people of WA vote on it? No. Well the legislature passes it anyway and and puts in into effect.

2. People are affected negatively by having their land use rights taken away, businesses are taxed or regulated out of profitability and are forced to raise prices if they can, or have to close. Dangerous, mentally Ill people are repeatedly released back onto the streets to continue to deal, burglarize, assault, rape, burn, and kill. WA doesn't care, they rake in more tax $$$$$$ and propel their political agenda.

3. 18-months or so down the road, measures are challenged and taken to court, many of which are tossed out for being unconstitutional or put up on the ballot to be repealed because they were enacted "Without a vote of the people". The business owner that had to close in the interim....the family that lost everything because they were issued a permit, financed new construction, sold their prior home, only to have their land use rights taken away in a moratorium...the people injured, killed, or otherwise damaged by those who should have remained in jail.......those victims get NOTHING. NO ACCOUNTABILITY.

[Nits947]

If there is any provision to opt out of this care fund if you are moving to Washington in 2022

[Hemlock140]

Originally Posted by Nits947

If there is any provision to opt out of this care fund if you are moving to Washington in 2022

You can opt out any time, but must have had another eligible plan by November 1, 2021. So if you are in another state, buy a policy that is portable in the next week or so, and when you arrive, apply for the exemption. Your employer here will have to withhold the premiums until the next quarter starts after you exemption is granted.

[Nits947]

@Hemlock140 :Thank you so much for your reply . Do you know where to buy these ? Any specific insurance company ?

Again I really appreciate your help .

[Hemlock140]

Originally Posted by Nits947

@Hemlock140 :Thank you so much for your reply . Do you know where to buy these ? Any specific insurance company ?

Again I really appreciate your help .

Not here, the companies have stopped writing policies, due to the number of people trying to sign up, and worry that they would cancel after getting their exemption. I would just google "Long Term Care Policies" and see what comes up, and red the fine print or ask to make sure they will honor it in other states. You also have to be sure that the benefits or equal to or exceed the WA Cares. We have had ours (through employer) since 2002 and it has a lower premium and better benefit.

[509]

Originally Posted by PS90

Totally agree.

1) The $36,500 maximum is the maximum, no matter how much money you make (you pay more if you make more), and no matter how many years you contribute. After you reach your maximum benefit, you have to continue to contribute, so you're literally throwing money away after that.

2) The flyer from the WA Dept of Health that is promoting this fiasco actually mentions that "7 in 10 Washingtonians will need long-term care in their lifetime". So, right away 3 in 10 of us will have completely thrown the money away.

3) If you contribute to the full maximum benefits, but then move out of state, you've thrown that money away unless you move back to WA for long-term care.

4) According to my financial guy, there are currently no public insurance companies underwriting any new long-term care policies, because those companies are afraid of people signing-up to get the exemption and then dropping the insurance policy. So, basically, if you don't have a private long-term care policy by now, you're stuck paying for this.

How is this legal?

It is legal because it is passed by the GOVERNMENT. Be very careful about who you elect to public office.


It is a favorite financing technique by Governments. For years the Federal government retirement program was based on people leaving their Federal jobs. They got NOTHING, not even Social Security since they did not pay into it. The government kept the retirement contributions of 7% to fund the pensions for those that stayed.


It was called the "golden handcuffs", because at some point you could NOT afford to quit Federal employment. You literally had nothing for retirement. My wife "lost" 13 years of retirement benefits this way.


Long-term care is a scam simply because the costs are so high that NOBODY can afford the insurance costs. Way back in the last century, there was a push for people to sign up for private long-term care voluntarily by the Federal government.


Those plans premiums have sky rocketed or the companies simply went bankrupt.


Long-term care is a problem, in search of a cheap solution. Which does not exist.

[leastprime]

Interesting seeing how Oregon and Washington funds their MedicAid LTC programs.
Same problems approached from different directions and always resulting in very different solutions.

[Hemlock140]

Originally Posted by 509

It is legal because it is passed by the GOVERNMENT. Be very careful about who you elect to public office.


It is a favorite financing technique by Governments. For years the Federal government retirement program was based on people leaving their Federal jobs. They got NOTHING, not even Social Security since they did not pay into it. The government kept the retirement contributions of 7% to fund the pensions for those that stayed.


It was called the "golden handcuffs", because at some point you could NOT afford to quit Federal employment. You literally had nothing for retirement. My wife "lost" 13 years of retirement benefits this way.


Long-term care is a scam simply because the costs are so high that NOBODY can afford the insurance costs. Way back in the last century, there was a push for people to sign up for private long-term care voluntarily by the Federal government.


Those plans premiums have sky rocketed or the companies simply went bankrupt.


Long-term care is a problem, in search of a cheap solution. Which does not exist.

No, there is no cheap solution, even a good program like we got years ago will not pay near enough at the cost of the care by the time we need it. Based on older and now deceased relatives, typically it's $6,000/month now to live in an a care facility. A person who stays in their home long enough to pay it off, usually 3 years, then until they go into assisted living may have a million in equity. Even that would last only 10 years at current cost. My late mother in law made it to age 95, and was in assisted living for 13 years. These policies may help with having someone come in once a week to help with some needs, but beyond that it's insufficient.

[oregonwoodsmoke]

My son doesn't work in Washington. He doesn't live in Washington, but his paycheck comes out of an office in Washington, so he will pay the tax and he is ineligible to use the benefit.



It looks an awful lot like it is a big cash grab.

[Hemlock140]

Originally Posted by oregonwoodsmoke

My son doesn't work in Washington. He doesn't live in Washington, but his paycheck comes out of an office in Washington, so he will pay the tax and he is ineligible to use the benefit.



It looks an awful lot like it is a big cash grab.

It was either meant to be that way to ensure more revenue than expense, or it was just not thought out well, as in so many cases when laws are rushed to approval.