Long-term care insurance (LTC or LTCI) is an insurance product, sold in the United States, United Kingdom and Canada that helps pay for the costs associated with long-term care. Long-term care insurance covers care generally not covered by health insurance, Medicare, or Medicaid.
What is the most common type of long-term care?
The most common type of long-term care is personal care—help with everyday activities, also called "activities of daily living." These activities include bathing, dressing, grooming, using the toilet, eating, and moving around—for example, getting out of bed and into a chair.
Is LTC mandatory in Washington state?
Is long term care insurance required in Washington State? Washington employees must contribute a new payroll tax called the Washington Long-Term Care Tax to tax people's wages to pay for long-term care benefits. The law is mandatory and will cost $0.58 on every $100 of wages.