Background: The number of individuals ages 65 and older has doubled in Washington since 1980. We are faced with how we will support those who need assistance as they age.
DID YOU KNOW? – 7 in 10 Washingtonians over the age of 65 will need long-term services and supports within their lifetime. Also, in order to pay for long-term care, many people must spend down their savings to qualify for financial support.
The Trust Act: The legislature established a long-term care insurance benefit for all eligible Washington employees. It will be funded through a payroll premium.
DID YOU KNOW? – Washington workers will pay up to $0.58 per $100 of income. For someone who makes $750 per week, that comes out to $4.35. If you are self-employed, you can opt into the Trust to get the benefits. If you have long-term care insurance, you can opt out of the Trust.
Timeline: In 2019, Governor Inslee signs 2SHB 1087 into law; by next year, working Washingtonians begin paying premiums; by 2025, benefits begin for qualified beneficiaries.
Benefits of the Trust Act:
The benefit can be used for a range of services and supports, including:
- Professional care in your home, a licensed
residential facility or a nursing facility
- Adaptive equipment and technology like wheelchair ramps and medication reminder device
- Home safety evaluations
- Support for family members who provide care
- Home-delivered meals
- Rides to the doctor
In the first year, each person who is eligible to receive the benefit will be entitled to access services costing up to $36,500. Services can include a range of long-term service and support options. The value of this benefit will increase over time.
To receive the benefit, you must have worked:
- At least 3 of the past 6 years or 10 years without
a break of 5 or more years.
- At least 500 hours per year during those years.