It is no secret that we face a housing supply and affordability challenge in Washington. It is an oft-repeated story in the news, and we know that Washington residents want more choices in size and price.
Changes to the new WA Cares Fund also include allowing employees who live out of state and certain other groups to apply for exemptions. And the program, which was initially set to begin this year, will launch in mid-2023.
The 2022 legislative session led to a significant win for Washingtonians nearing retirement. More than a million near retirees are now eligible for benefits under the WA Cares Program.
The WA Cares Fund is a long-term care insurance benefit designed to help residents stay in their homes as they age. Workers pay in and later can tap the fund for services like home-care aides.