The WA State LTC Trust: An Employer’s Guide
Register here: https://pxlme.me/9GI9vMzb
Washington is the first State in the Nation to create a Long Term Care Trust program, and will be funded 100% through an employee-paid payroll tax. Most working Washingtonians will be eligible for these LTC benefits only once they have paid into the Trust for a minimum of 10 years. The LTC Trust does allow for individuals to apply for a waiver from the LTC Tax, but they must show that they have purchased their own LTC insurance coverage. The onus is then on the employee to provide their employer with a copy of the State’s waiver.
The session will help you be prepared for the questions your company may soon be receiving from your employees with regards to the tax, the opt out, and the benefits provided under the LTC Trust program.
We will cover a number of topics, including:
• The benefits, eligibility, and limitations of the WA LTC Trust program
• The WA LTC tax provisions
• The exemption option from the new tax, including deadlines to opt out
• An opt-in for non-W-2 employees, along with deadlines
There will be 60 minutes of content, with an additional 30 minutes to answer your questions.