New Long-Term Care Law could Lead to a Home Care Business Boom
May 21, 2019
A new law designed to help fund long-term care services could mean big business for home care providers down the road.
On May 13, Washington Governor Jay Inslee officially signed the Long-Term Care Trust Act into law. The groundbreaking tax could be the first of several of its kind to sweep the nation.
The law requires state residents to pay into a long-term care program through an employee payroll tax starting no later than January 2022. Eligible individuals would then have access to up to $36,500 in financial support for things like in-home care, meal deliveries and home modifications.