Is it ok to cancel LTC (long term care) policy in WA state ?

Is it a good idea to cancel it now ? I couldn’t get it from transamerica and had to take from some other company. It’s costing $300 per month for me and spouse. Will we be able to get policy again with better rates before July 2023 #LTC #WALtc

Lyft LCmed Mar 24, 2022

Yup

Microsoft cnvmzk OP Mar 24, 2022

Will we be able to get new at that time ? Right now all insurance companies are saying they are not able to provide.

Lyft LCmed Mar 24, 2022

Think so, 3600 per year is a rip off. You can still get LTC with life insurance for way less

Salesforce imlowiq🤷🏽‍♂️ Mar 24, 2022

My reaction after reading the title was legit "what did litecoin do now to get cancelled?" 😂😅

Dell landmafia Mar 24, 2022

I thought this was the whole annual leave and travel concession

Microsoft laserwolf Mar 24, 2022

Yup

Cisco #er@ Mar 28, 2022

New legislation offers opt-out exemptions for nonimmigrant visa holders from Jan1 2023. I am guessing it means we dont need a private insurance to be eligible but are eligible based on visa status...if this applies to you.

Microsoft cnvmzk OP Mar 28, 2022

Can you share link for this ? I am also on visa

Cisco #er@ Apr 1, 2022

https://wacaresfund.wa.gov/private-insurance/ >>>> What are the new exemption types and how do I know if I qualify? New legislation created additional exemption types. You can’t apply for these exemptions until Jan. 1, 2023. The new exemptions are for people who are: "Temporarily working in Washington with a nonimmigrant visa – You must hold a nonimmigrant visa for temporary workers. You will no longer qualify if your nonimmigrant visa status changes and you become a permanent resident or citizen employed in Washington."