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A Special Notice to Washington Residents, or those from Oregon or Idaho who work in Washington

Not Everyone Needs to Buy Long-Term Care Insurance. Here Are Some Considerations.

June 2, 2021

Five years ago, Julia Dobson of Auburn, Ala., bought a $400,000 life insurance policy that can be tapped early to pay for long-term care, should she ever need it.

Her husband, Steve, declined to buy equivalent insurance for himself. Instead, he set aside $250,000 in investments to cover long-term care.

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Below is a link to the state of Washington government website that oversees the state mandated long-term care insurance program known as the Cares Fund. The website provides up-to-date, real time information about how the program is being administered, recommended improvements to the plan from a special oversight taskforce, and the ability to participate in Zoom meetings relating to the Cares Fund and the opportunity to provide comments and suggestions to state legislators and administrators of the program.