2024 TaxJan 16, 2023
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WA long term care policy lapsed?

I signed up for Transamerica policy to avoid paying long term care tax and got exemption approval. I didn’t pay my premium and just got notice from Transamerica that my plan is discontinued and I may be able to reinstate my policy. Would i have to pay long term care tax if I don’t reinstate my policy? #washington #longtermcare

Morgan Stanley bie7A2a Jan 16, 2023

The language in the exemption letter indicates it’s permanent

The Trade Desk WRvp62 Jan 16, 2023

Can the government come after you for not maintaining coverage?