Washington State Establishes a Long-Term Care Program

Alicia H. Munnell

Issues in Brief from Center for Retirement Research

Abstract: Long-term care is the major uninsured risk most retirees face. To mitigate this risk, Washington State enacted WA Cares in 2019. WA Cares covers up to $36,000 for care needs and is financed by a 0.58-percent payroll tax. The state proactively identified and resolved potential kinks in the program, and its finances appear solid over the long term. WA Cares will offer valuable support for middle-income households and serve as a proof of concept for other states and the federal government. The one risk it faces is a ballot initiative that would make it voluntary, which would essentially kill the program.

Pages: 9 pages
Date: 2024-08
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