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Washington's Long Term Care Act - What You Need to Know - Shared screen with speaker view
Chase Abbott
34:12
Is the employee responsible to opt out or the ER?
Dan Stowe
34:49
The employee is responsible
Andy
34:52
Responsibility falls on the EE
N.A. Degerstrom, Inc.
34:55
How do you apply for the exemption? Is there a Web site you go to?
Dan Stowe
35:39
The state will be coming out with a form that you will need to submit
Chase Abbott
38:43
LTCi - are there rider options for a spouse?
Dan Stowe
39:20
Yes, Marc will talk about that in a bit
Stephanie Simpkins
40:33
Can you opt out from state program years down the road and then buy private?
jsalmons
40:50
Are employees that work in Washington but live in Idaho exempt?
Dan Stowe
41:08
No, it is one time only to opt out
Joel Bouchey
41:12
Under the law as currently written your only chance to opt out is through Oct 31st this year.
Dean Gable
41:19
would there be a case for keeping private, and WA state coverage? which would be primary when filing a claim?
Chase Abbott
42:16
How would that work for teenagers that are going to enter the work force in the future?
Dan Stowe
44:24
If you work in Idaho it doesn't apply even if you live in WA
N.A. Degerstrom, Inc.
44:40
If you buy private and opt out, am i correct in assuming you can change coverage with a different insurance company as long as you provide proof to your employer?
BrittanyDahmen
44:47
Can the State guarantee the exemption will be approved by Jan 1?
Dan Stowe
45:40
It is unknown if the State will recertify each year, you most likely can switch you ltc coverage down the road
Dan Stowe
46:40
It is the State so who knows how quickly they will approve the exemption
Joel Bouchey
57:08
If I were to take the state plan and go to the private market for additional benefits, but then move out of state, what will my options be to cover that first 36,500 on the private market at that time?
AM
58:48
Do employees under age of 18 have the same requirements? (to have tax with held by payroll for the LTC, unless they get a private LTC policy and apply to opt. out)?
Dan Stowe
59:00
it will depend on the type of private policy that you buy, there a numerous options to fit different scenarios
Dan Stowe
01:01:24
Those under age 18 only have the state plan as there are no policies that issue LTC to those under age 18
Chase Abbott
01:01:28
Can we pop a 35yo in there?
Joel Bouchey
01:03:06
This Hybrid example you are showing: is it for a whole or universal life policy with the long term rider?
Andy
01:09:50
https://www.buddyins.com/program/agc-enroll/
Denise
01:11:48
Is that the same website we would go to, to find out about an employer qualified plan?
Ava Doman
01:13:08
Could someone opt out and then just cancel their coverage?
AM
01:14:48
Do you have any Group LTC polices? and if so does it have a minimum age or gender requirement, or minimum employee % participation?
Ava Doman
01:14:59
Great webinar. Thank you.
Denise
01:14:59
Thank you all, very informative!
Chase Abbott
01:15:22
I'm not interested in meaningful planning today, I want to opt out, what are the bare minimums for the state on qualified plans?
Chase Abbott
01:17:45
Thank you everyone!
Denise
01:18:57
The recording of this webinar, will it be automatically sent out to all of us?
Dan Stowe
01:19:17
yes
Cheryl Stewart
01:19:18
Yes, we will send a follow up email with links to the website and the recording.
Denise
01:19:28
Perfect, thank you!
Lori
01:20:18
Thank You