News & Analysis as of

Premiums Long-Term Care

Davis Wright Tremaine LLP

Governor Inslee Postpones Collection of the WA Cares Fund Premium: Lawsuit and Postponement May Signal Repeal

On Friday, December 17, 2021, following pressure from the state Democratic leadership, Washington State employees, and the recent lawsuit filed by Davis Wright Tremaine LLP, Pacific Bells, et. al. v. Inslee, Governor Inslee...more

Littler

Washington Employers Allowed to Delay January 2022 Start Date for Collecting “Washington Cares Act” Premiums from Employees

Littler on

In a statement on Friday, December 17, 2021, Washington Governor Jay Inslee announced that employers may wait to begin collecting premiums from employees for the new Washington Cares Act (WA Cares), while legislation is under...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Washington Governor and Legislative Leaders Announce Delay in Long-Term Care Fund

On December 17, 2021, Washington Governor Jay Inslee, Senate Majority Leader Andy Billig, and House Speaker Laurie Jinkins released a joint statement announcing that the premium assessment under the Washington Cares Fund...more

Carlton Fields

New Hampshire Supreme Court Invalidates Long-Term Care Rate Caps

Carlton Fields on

The New Hampshire Supreme Court recently determined that regulations limiting premium rate increases for long-term care insurance policies exceeded the state insurance commissioner’s rulemaking authority and were therefore...more

Chambliss, Bahner & Stophel, P.C.

IRS Issues Long-Term Care Premium Deductibility Limits for 2020

The Internal Revenue Service (IRS) has announced the amount taxpayers can deduct from their 2020 income as a result of buying long-term care insurance. Premiums for "qualified" long-term care insurance policies (see...more

Chambliss, Bahner & Stophel, P.C.

Things to Remember at Tax Time

Tax day, which is April 18th in 2017, is approaching and it is time to begin crossing T's and dotting I's in preparation for paying taxes. As tax time draws near, you want to make sure you file all the proper forms and take...more

Carlton Fields

NAIC Long-Term Care Innovation Subgroup Public Hearing

Carlton Fields on

At the NAIC Summer 2016 National Meeting, the Long-Term Care Innovation (B) Subgroup held a public hearing as part of an initiative to address the challenges facing the private LTC market. With baby boomers retiring at a rate...more

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