The window is closing. Washington state’s WA Cares Fund deadline is November 1, 2021. If you don’t have private long-term care insurance in place by that date and you are a W2 employee, your January 2022 paycheck will include a .58% tax. We could make a lengthy list of negative things about this legislation. But
I am widowed. Most of my friends are widows. A couple are widowers. But most are widows. You might even call us elderly orphans. I’m not wild about the term. I like to think about us like wine. We get better with age. But many of us are basically orphans. No kids. No family close
When I started my business in 2000, there were about 140 insurance companies marketing long-term care insurance products. Today, just a handful. About seven offering standalone products if you count the federal program for government employees. More if you include insurers offering hybrid designs that include a life insurance or annuity component. Collective premiums in
Another attempt at long-term care funding. The WISH Act: Well-Being Insurance for Seniors to be at Home. Do we need it? Sure. Only 10% of Americans aged 50 and older have long-term care insurance. Yet most of us will experience a long-term care event once we reach age 65 and beyond. Average long-term care expense
How To Help Your Kids Online schooling was a first glimpse at curriculum for many parents. One way to help kids learn and develop is to read aloud with them. Jim Trelease’s Read-Aloud Handbook is a gift to parents.
As one financial advisor commented this week, most Washingtonians haven’t a clue about this new tax. And they won’t until they see it in their paychecks. As Steve Moses of the Center for Long-Term Care Reform has so aptly opined, the WA Cares Fund is what happens when the Keystone Kops design a long-term care
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It’s not a fun topic. We get that. But it just might be the most important thing you do to protect your financial security. Here are five key reasons: Most Americans aged 65 and older will need long-term care. Who Needs Care? | ACL Administration for Community Living It’s not covered by Medicare. Medicare | ACL Administration