Popular on eTradeWire
- New Novel Tells a Whale of a Traveler's Tale (Minus the Whale) - 162
- Queer Horror Poetry Collection Monsters in the Closet Now Available in Paperback - 148
- Arabella Wellness Center Launches Campaign to Expand Access to Women's Wellness Services Across North Texas - 141
- Can Your Inner Child Come Out and Play - 134
- Nieves Ministries Leads with Faith to Fortify Safety, Education, and Puerto Rican Culture in Colorado - 118
- RockNTix Announces Strategic Partnership with Microsoft to Power Next-Gen Event Ticketing Platform - 117
- Carnegie Hall Hosts Theatrical Concert: El Dorado – A Musical Portrait of Edgar Allan Poe - 116
- The Wuhan Lab Wasn't Just Certified — It Was Enabled: How U.S. Accreditation Helped Build a Global Crisis - 114
- Max Tucci dishes out hundreds of Chicken Parm Sandwiches to Bilt members on Rent Day, June 1st, 2025 - 114
- Howson Inspections: Uncovering Truth, Securing Homes—One Trusted Report at a Time - 113
Similar on eTradeWire
- Brandon White Reflects on the Past & Looks Forward
- HealthPlan Freedom Earns National Spotlight for Service-Driven Success
- Emerge Apps Launches Mod Performance Suite: A New Era of Work Comp Selling for Insurance Agents
- SeedPod Cyber Launches Elite Risk Advisor™ Program for MSPs
- Tarpers is Ready to Respond Quickly as Florida Faces the 2025 Hurricane Season
- TRICOR Insurance Earns 2025 Great Place To Work Certification™
- Lead Empowered Launches Transformative Leadership Mastermind Experience
- Educational Services & Consulting (ESC) Launches Business Growth Consulting Service to Help Organizations Optimize, Streamline, and Succeed
- Lisa's Family Bail Bonds Service Opens in Miles City as Community Celebrates Bucking Horse Sale
- Independent Glass Association Opposes New Iowa Auto Glass Law, Cites Harm to Small Businesses and Consumers
Long-Term Care Insurance Specialists Nationally Should Worry About Washington State Initiative
eTradeWire News/10773955
LOS ANGELES - eTradeWire -- This November we will closely watch whether Washington State voters repeal the recently enacted long-term care insurance program declared Jesse Slome, director of the American Association for Long-Term Care Insurance (AALTCI).
"Washington's long-term care insurance program started taxing workers this July," explains Jesse Slome, AALTCI's director. "This November, Washington voters are being given the choice to make the program optional and early polling shows that's very likely to happen."
A Cascade PBS/Elway poll conducted last month found that 47 percent of respondents would vote to repeal the program (or make it optional). "Making the Washington CARES program option basically will kill the effort as it won't be financially viable," Slome explains. "I'd worry that only 25 percent of those polled indicated they'd keep the program."
Slome noted that educating the undecided will be critical to the outcome. Some 28 percent of respondents were undecided on how they would vote.
More on eTradeWire News
"If you are a 30-year-old healthy employee earning $150,000, voting to make the program optional adds $870 back to your annual income," states Slome. "It would be interesting to hear what motivated one-in-four polled individuals to keep the program in place. Specifically, what messaging motivated those who are being taxed for the future benefit."
Further data on poll participants revealed that one-in-four were age 65 or older. "These individuals likely have no financial incentive to make the program optional," Slome admits. "Likewise, they wouldn't benefit. But it's commonly known that seniors vote so how this block votes could be quite significant in the outcome."
The long-term care insurance professional noted this would not be the first time that a long-term care insurance program was approved only to be subsequently ended. "When the Affordable Care Act (ACA) was passed and signed into law, it contained a national long-term care program called the CLASS Act," Slome adds. "Suddenly one night, the administration closed the doors and subsequently the program was repealed."
More on eTradeWire News
If long-term care specialists believe in the program's value, they need to advocate on its behalf before election day. "Tell the organizations involved in legislative matters that you care about this program," Slome advises. "Tell the insurance companies you work with so that they can work together with those supporting the program."
The American Association for Long-Term Care Insurance (AALTCI) https://www.aaltci.org advocates for the importance of planning and supports insurance professionals who market both traditional and hybrid LTC solutions. Access the latest long-term care insurance statistics at https://www.aaltci.org/long-term-care-insurance/learning-center/ltcfacts-2024.php.
"Washington's long-term care insurance program started taxing workers this July," explains Jesse Slome, AALTCI's director. "This November, Washington voters are being given the choice to make the program optional and early polling shows that's very likely to happen."
A Cascade PBS/Elway poll conducted last month found that 47 percent of respondents would vote to repeal the program (or make it optional). "Making the Washington CARES program option basically will kill the effort as it won't be financially viable," Slome explains. "I'd worry that only 25 percent of those polled indicated they'd keep the program."
Slome noted that educating the undecided will be critical to the outcome. Some 28 percent of respondents were undecided on how they would vote.
More on eTradeWire News
- Bryckel Announces Seamless Integration with Rent Manager to Streamline Lease Abstraction
- International Bestselling Author Robert Rolih Joins Tom Hegna on "Financial Freedom with Tom Hegna"
- Rx Processing Corp. Movement Rx Processing corp.com Announces Strategic position
- WPB's Mounts Botanical Garden Announces FREE Summer Admission for Kids
- BABUSHKA To Make L.A. PREMIERE at Film Invasion L.A. Film Festival 6/21/25
"If you are a 30-year-old healthy employee earning $150,000, voting to make the program optional adds $870 back to your annual income," states Slome. "It would be interesting to hear what motivated one-in-four polled individuals to keep the program in place. Specifically, what messaging motivated those who are being taxed for the future benefit."
Further data on poll participants revealed that one-in-four were age 65 or older. "These individuals likely have no financial incentive to make the program optional," Slome admits. "Likewise, they wouldn't benefit. But it's commonly known that seniors vote so how this block votes could be quite significant in the outcome."
The long-term care insurance professional noted this would not be the first time that a long-term care insurance program was approved only to be subsequently ended. "When the Affordable Care Act (ACA) was passed and signed into law, it contained a national long-term care program called the CLASS Act," Slome adds. "Suddenly one night, the administration closed the doors and subsequently the program was repealed."
More on eTradeWire News
- Blue Radius Cyber Launches Radius360
- NEW "Summer Sip" Event Comes to City Winery Hudson Valley
- Petbeing Launches New E-Commerce Website to Bring Purposeful Pet Wellness Direct to Consumers
- Indie Band Run Downhill To Release "the Rattler" From Grammy® Winner T.j. Troy June 27th
- Soil Superheroes - Worms Combat Desertification and Drought
If long-term care specialists believe in the program's value, they need to advocate on its behalf before election day. "Tell the organizations involved in legislative matters that you care about this program," Slome advises. "Tell the insurance companies you work with so that they can work together with those supporting the program."
The American Association for Long-Term Care Insurance (AALTCI) https://www.aaltci.org advocates for the importance of planning and supports insurance professionals who market both traditional and hybrid LTC solutions. Access the latest long-term care insurance statistics at https://www.aaltci.org/long-term-care-insurance/learning-center/ltcfacts-2024.php.
Source: AALTCI
Filed Under: Insurance
0 Comments
Latest on eTradeWire News
- New Launches to Help Parents Find the Perfect Bike for Their Kids
- Degree Forward Celebrates Third Annual Graduation with Record-Breaking Class of 85 Graduates
- Corner Property Appointed as New Management Company for Plymouth Hill COA in Plymouth Meeting, PA
- Discreet, Affordable Invisalign in Reading Available from Exeter Smiles
- JAX Airport Garage Fire Sparks Delays — Unique Corporate Limos Offers Stress-Free Rides
- Sons & Dotters Wins Double Gold at The Largest Spirits Event In The World
- NSPEC Innovations Launches New BigCommerce Store with MAKDigital's BigCommerce Austin Theme
- Leadership Southeast Georgia Focuses On Education and Agriculture in Bulloch and Screven Counties
- Comedy Under The Stars: Comedian Don Barnhart Brings His Hilarious Show To Maui's Tropical Paradise!
- Electric Dough Pizza Co. to open in San Marco
- From Barrio to Transgender Pioneer: The Day that Changed Everything
- Entertainment Events Brings Two Laugh-Out-Loud Shows to New Spire Arts
- Rare vintage muscle cars from the Fairbairn Collection are sold in a June 14th auction held by Miller & Miller in Canada
- Abrazo at Rice Hope - Ribbon Cutting
- Shayla N. Atkins to Host Inaugural "Leadership Redefined" Conference in Houston on August 26, 2025
- Drive Smart Save +/-10% in Fuel Consumption - Reduce REGEN's +/-70% - ECOFUELMAX
- Last call for 2025 Industry Appreciation Awards nominations
- Bokka Group Showcases Expert Home Builder Consulting Services to Elevate Customer Experience and Sales
- Roadrunner Glass Joins True View Windows & Glass
- Careington's Customer CARE Team Named Finalist in the 2025 Customer Contact Week Excellence Awards