2021 Session 2

Friday, March 26, 2021
11:55 AM – 12:55 PM

Washington Long Term Care Trust Act: America's 1st Payroll Tax to Fund LTC


The sky rocking cost of long-term care has put increasing strains on the state budget for Medicaid residents. Washington became the 1st state to pass a mandatory, uncapped payroll tax to fund long term care expenses. At present, there exist planning opportunities to address this new tax.

Learning Objectives

  1. What is the new tax?
  2. Who does it apply to?
  3. What are the planning opportunities?

About the Presenter

David Fain

David A Fain, CFP© is an 18-year insurance veteran focusing exclusively on personal coverage (life, disability, and long-term care). David is a graduate of the Wharton School of Business and received his MBA from Babson College’s accelerated 1-year Entrepreneurship program. David lives on Mercer Island with his wife Lisa and two teenage daughters. He’d prefer you find him in the water, cross country skiing, or serving our community on several boards/committees. 

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