Company-Sponsored Long-Term Care Plan

The passage of Long-Term Services and Supports (LTSS) Trust Act, effective January 1, 2022, makes Washington the first state in the nation to require that its working residents secure a long-term care plan. Washington residents can either participate in a publicly funded insurance program where they can vest into a basic level of long-term care (“LTC”) benefits, or they can opt-out and buy a private policy that best suits them.

State of Washington.png

Alternative to WA Cares Fund

Learn how to offer a company-sponsored long-term care plan to enable employees to opt-out of the Washington State WA Cares Fund.

Thank you for your interest a company-sponsored long-term care program. We will reach out shortly.

We deliver a company-sponsored long-term care plan that allows Washington State employees to opt-out of the WA Cares Plan.

Insurance Benefits - TRC Financial.png

Lower Cost + Higher Benefit

Acquiring your own insurance policy will be at a lower unit cost and provide higher LTC benefit amounts.

Insured Protection - TRC Financial.png

Protect Retirement

Private coverage allows you to guarantee your costs and receive benefits anywhere in the world.

Insured - TRC Financial.png

Eliminate Payroll Tax

Securing private coverage allows you to opt-out and eliminate the new $0.58 per $100 in wages payroll tax.

CLOSED - Deadline Friday (08/06)

WA Cares Fund vs. Private Insurance

The state program delivers poor quality and a new payroll tax that will continue to increase as your wages grow ($0.58 per $100 of wages).

Implementation Steps

Step 1 - TRC Financial.png

Census & GI Offer

Finalize the plan participants; review premium costs for benefits; obtain guaranteed issue offer based on census.

Step 2 - TRC Financial.png


Online custom web portal for the company to roll out the sponsored plan for employees to enroll.

Step 3 - TRC Financial.png

Issue Policies

Issue an individual policy for each employee; electronic delivery of the policy; employee pays the premium.


Acquire a hybrid long-term care life insurance policy. Depending on age and income, employees can enjoy the following benefits:


  • Significantly lower costs per unit of coverage

  • All premiums returned via a long-term care (LTC) claim or death benefit

  • Markedly higher quality benefits including indemnity definition for benefits versus the WA Cares Fund reimbursement provisions