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Anyone Cancel their WA LTC?

Anyone cancel their private policy yet after opting out? Language says the opt out is permanent. But my policy is around $600 a year and I feel stupid wasting money on this. What was the process? #ltc

359

May 22, 2022

Missed the Transamerica LTC deadline

Anyone in the same boat and were able to get a different LTC insurance to opt out from WA LTC bill?

318

Jul 27, 2021

Long term care(LTC) insurance

I moved to Austin early this year from Seattle. I have enrolled into LTC in WA via Transamerica last year and my account was deducted around ~$307 in Nov. I read somewhere that WA has paused this until April 2022. So I reached out to them to cancel my insurance. They mentioned that I can use it even

316

Jan 17, 2022

Cancel or keep WA LTC insurance

Looks like the law got postponed. Are you keeping your policy after exemption? If yes, why? WA = Washington LTC = Long Term Care #wa #ltc #tax #fellow #techies #popcorn

532

Jun 29, 2022

Please explain WA LTC

I recently moved to Seattle so I have no prior context. Can someone please ELI5? Assuming I just want to spend the least amount possible what should I do ?

392

Sep 8, 2021

LTC Insurance in WA

If youre from Washington, probably heard about this… A new tax of 58 cents on every $100 of your net pay to this tax if you do not have a long term care insurance. Has anyone under 30 found available plans?

374

Aug 6, 2021

Should I sell LTC today

They have me $7000 in profits today already at 12% Is it time to sell?

667

Oct 20, 2021

WA LTC exemption processing timelines

How long did it take you to get LtC exemption approved? Mine has been stuck with no progress for a few weeks.

276

Nov 3, 2021

[WA LTC] Do I need to buy LTC for my wife if she doesn't work ?

My wife doesn't work currently. Do I still need to buy LTC for her, in order to avoid the 0.58% tax ?

713

Jul 21, 2021

WA LTC exemption is a joke

Exemption application does not even ask for private policy details . How are they going to approve/reject application ?

1,037

Oct 2, 2021

Cancel WA LTC External Policy

Hi Like everyone else, I took the WA Long Term Care policy from another institute and applied for WA LTC Excemption. Now since I have the excemption, can I go ahead and cancel the LTYC Policy? I am paying $50 / month for that of which I have no use. When I asked my insurance agent said that the st

281

Feb 3, 2022

WA LTC insurance for H1

Do folks on H1 need LTC insurance to save tax ? What’s going on with it anyway

131

Feb 25, 2023

Anyone buying LTC now?

Have I already missed out? It was like 30s 40s until recent times. Now it's almost 80, still good time to buy? Or should I forget about it and invest elsewhere?

521

Sep 1, 2017

WA LTC opt out - qualification criteria

Is it required to have a monthly benefit of $3100 (per day $100) or more for a policy to qualify for opt-out? If possible, share your source of information. #WA #LTC #OPTOUT TC: 210k YOE: 3

540

Jul 27, 2021

LTC care tax mistakenly paid after changing job

I forgot to notify my new employee on LTC exemption and I've been paying for it. How can I get refunded?

128

Apr 7

WA LTC tax for folks on Visa

I'm unable to find a company which can do LTC for non citizens and green cards. Can someone please suggest any? #ltc

566

Jun 8, 2021

did you stop paying for Washington LTC

I got the exemption and have been paying for the private LTC insurance. looks like you can choose to stop paying for it. any downsides to it? would I be able to reuse the exemption if I switch employers or will they ask for a more current proof of coverage

220

Jan 3

Anyone cancel WA LTC yet?

Insurance agent says to wait as possibility that government might audit on who has cancelled private insurance. Highly improbable, but all these updates are very confusing. Anyone who went ahead and cancelled recently? Any suggestions? New exemption rule for folks on temporary work visa eligible fr

326

May 19, 2022

Missed the Transamerica LTC enrollment deadline

As the title mentions, I need to enroll in some LTC plan before the deadline to file for WA LTC exemption. I checked with bankers life but it seems they stopped taking any further applications. Are there any insurance providers that are still enrolling in the LTC plan ?

342

Jul 14, 2021

WA State LTC Tax for people under 30

For those of us who are young and don’t work for a company that offers qualifying LTC what are the best (cheapest) options? Is it possible to just buy LTC, or do we need to attach it to a whole life policy? How can we dodge this tax as efficiently as possible? Most of us have never bought private in

879

Jun 7, 2021

WA LTC Insurance for &lt 25

To keep it short, I'm about to be boned because there are no companies even selling any policies for those under 25. The numbers shown for me have been in the 600-900 range which would still be better than the WA LTC. None of the standalone or hybrid policies will cover me from what I see. Did anyo

459

Jul 8, 2021

WA cares fund LTC H1B exemption

I have gotten the wa state exemption last year and have been paying the private LTC premium. If I am on H1B can I stop paying for the private LTC insurance.

145

May 31, 2023

Where to get LTC insurance in WA?

Serious answers please. I’m kind of late and now need to get LTC insurance in WA ASAP before the November deadline. Anyone know if a insurance company that still sells LTC insurance in WA? Please help 🥺

521

Aug 22, 2021

Transamerica LTC keep it or cancel?

Transamerica keeps charging me every year for LTC. Should I keep it or cancel if I’m on a temp visa? Also they don’t seem to offer LTC on their website so can’t check account statements? Wtf?

230

Jun 28, 2022

Temporary Washington State Workers LTC help

Hi All, I’m currently working in Washington State and am looking for an opt out plan for the LTC tax. All the firms I’ve talked to are only offering LTC + Whole Life insurance plans. The monthly premium is lower than the state tax which is great, but if I’m going to be moving out of the state to wo

228

Aug 12, 2021

WA LTC opt out options for under 30

Please provide the company name, date when you got the insurance, your age and cost/yr. TC: 210k YOE: 3 #ltc #tax #wa

812

Jul 23, 2021

LTC coin - buy or sell?

What would you do at this time?

234

May 9, 2022

Cheapest LTC insurance for WA tax exemption ?

What's the cheapest LTC insurance plan you know that qualifies you for WA LTC tax exemption ? I have one from Northwestern Mutual whose annual premium is $200, but I think it's still too expensive.

154

Aug 6, 2023