For ALL Washington State Financial Professionals
Details of the Washington State Long Term Care Act
Presented by
Jim Lusk, CFP, CLU, ChFC, CLF, MEd
President, Washington Long Term Care, LLC.
If you are a Financial Advisory Professional in the State of Washington, you will want to contact your clients about a new Payroll tax that will be assessed on their Gross Wages on January 1st, 2022. This tax is intended to provide Long Term Care coverage at a rate of $100 a day for one year of coverage: Maximum $36,500.
There is a brief period where an “opt out” to this new tax is available. Should some of your clients consider that? Could you expand your current client list by offering alternatives to this new tax?
Attend one of our Workshops to determine whether you may want to do this as part of a new State-wide effort.
