In Washington State, Initiative 2124 aims to make the state's long-term care program, known as WA Cares, optional for workers.

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This initiative would allow all workers to choose whether to participate in the program and opt out at any time. Currently, most workers in the state are required to participate in WA Cares and contribute to the program through a tax.

What is WA Cares?

WA Cares is a program that imposes a 0.58% tax on the paychecks of Washington workers, starting in July 2023. The program offers a long-term care benefit with a lifetime cap of $36,500, which can be used for expenses related to caretaking, equipment, medication, and meals for elderly, injured, or disabled individuals.

Some workers, such as those living outside of Washington, spouses of military members, and certain veterans, are exempt from participation. Additionally, individuals with qualifying private long-term care insurance could opt out until December 2022.

Reasons for the Initiative

Let's Go Washington, a conservative group backed by hedge fund manager Brian Heywood, gathered signatures to place Initiative 2124 on the ballot.

Critics of WA Cares argue that many taxpayers may never fully utilize the benefits, and the program's financial sustainability is in question.

Concerns also exist about the lack of portability for those leaving the state, unable to access the benefits they paid into.

Potential Consequences

If the initiative passes, making WA Cares voluntary could lead to a financial crisis for the program. Higher earners may opt out, leaving fewer contributors but an increased need for care amongst the remaining participants.

Proponents of WA Cares argue that Initiative 2124 would essentially repeal the program. Organizations supporting the program include SEIU 775, AARP, and the Washington State Budget and Policy Center.

What Are Your Thoughts?

What do you think about making Washington's long-term care program optional for workers? Do you believe it is necessary, or are there better alternatives?

Share your thoughts and opinions in the comments below!