We need long-term solutions for older Americans’ long-term care

We love what Washington came up with and wanted to share this article:

The first state social insurance program for long-term care was recently initiated in Washington. Beginning in 2022, all of the state’s residents will pay into a long-term care trust fund $5.80 for every $1,000 of their income. This program provides a glimpse of hope, although the first payout for an individual’s long-term care won’t occur for 10 years after paying into the trust — three years after a catastrophic disabling event — and has a lifetime cap of $36,500.

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https://www.statnews.com/2020/12/28/long-term-care-older-americans-needs-long-term-solutions/