Washington State Long-Term Care Contributions Start Soon
As noted in prior alerts, Washington H.B. 1087 established the Long-Term Services and Supports Trust Program in 2019 for all eligible Washingtonians, funded by worker contributions into a trust fund. Also known as the WA Cares Fund, the program protects workers against the economic and social risks of needing long-term care as they age and better positions the state of Washington to cope with the fiscal and economic costs of the coming age wave and long-term care challenge.
Beginning July 1, 2023, a 0.58% premium assessment will be imposed on all Washington employee wages unless they have received an exemption from the state. Employers will collect premiums from employees the same way they already do for paid leave. Adams Keegan will collect and remit this tax on behalf of our clients’ employees.
For more information, visit the WA Cares Fund website or contact Adams Keegan to discuss further.