A breakdown of WA Cares Initiative 2124

Long-term care is something we all will have to consider – both in general and this year, at the ballot box. In November, voters will decide whether to make a state-run long-term care insurance program voluntary.

In 2019, the program, Washington Cares, took effect. The state started collecting in July 2023 after lawmakers delayed its implementation.

To fund the program, the state automatically collects 58 cents for every $100 from every paycheck covered by a W-2, according to Washington Cares.

Washington Cares says that amounts to $24 per month for the average Washington worker making $50,000 annually.

https://www.cascadepbs.org/news/2024/10/newsfeed-breakdown-wa-cares-initiative-2124