Washington just made history.

It became the first state to launch a state-operated long-term care program—the WA Cares Fund—funded through a mandatory payroll tax for most eligible workers.

Whether other states follow is uncertain, but one thing is clear:

The long-term care crisis is here.
Most Americans Aren't Ready

According to the U.S. Department of Health and Human Services, more than 50% of Americans will need long-term care at some point in their lives.

That care may include:
Home health aides
Assisted living
Memory care
Nursing home care


The cost? A nonmedical in-home caregiver alone averages around $80,000 per year.
Medicare Won't Cover Everything

Many people assume Medicare will pay for long-term care.
It won't.
Medicare generally covers short-term skilled medical care, not the ongoing assistance many retirees eventually need.
Why Planning Early Matters

Only 3% of Americans over age 50 have long-term care insurance.
Waiting can mean:
Higher premiums
Fewer coverage options
Health issues that may make coverage harder to obtain

The earlier you plan, the more choices you typically have.

The Bottom Line
Washington's new program is a reminder that long-term care is becoming a growing national issue.
Whether or not your state follows, don't wait for legislation or your health to force your hand.

Plan today. Protect tomorrow.


At Global Financial Group LLC, we help individuals and families build long-term care strategies that help protect retirement assets, preserve independence, and create greater peace of mind.