The Washington Cares Fund payroll taxes on employee earnings are expected to start in July.
The first deduction for employees in Washington state will appear on the first paycheck in July. For salaried employees at The Boeing Company this is July 6.
Two years ago, “Trustmark” offered Boeing Washington State employees an opportunity to purchase Life + Long Term Care (LTC) coverage in advance of the state’s Nov. 1, 2021 deadline. Those who had private long-term care insurance on or before Nov. 1, 2021, were able to apply for an exemption from the Washington Cares Fund during the opt-out period from Oct. 1, 2021, until Dec. 31, 2022. This opt-out provision is no longer available.
Alaska, California, Colorado, Hawaii, Illinois, Michigan, Minnesota, New York, North Carolina, Oregon, Pennsylvania, and Utah are currently considering programs similar to the Washington state program. As a result, Boeing is now extending the Trustmark offering to ALL U.S. employees in advance of any of their states’ pending LTC legislation.
Washington state employees have the ability to purchase new or additional LTC coverage from June 5-16, 2023, but the coverage will require “evidence of insurability” (aka proof of good health). If approved, the new policy will not qualify for exemption from Washington’s LTC tax because the deadline for exemptions for private LTC coverage has passed.
Due to recent changes in the law, there are new ways to become exempt from the LTC tax. Washington workers became eligible for the new exemptions beginning 1/1/2023 if any of the following apply to them:
- Live outside of Washington.
- Have non-immigrant work visas.
- Are the spouse or registered domestic partner of an active-duty service member of the United States armed forces.
Workers only qualify for these exemptions while these circumstances apply. Workers will no longer qualify for an exemption if they move to Washington, become a permanent resident or if their spouse is separated from military service or the marriage/partnership is dissolved.
If one of these new exemptions is applicable to you and you want to find out how to apply for an exemption online, or if you want to learn more, visit www.wacaresfund.wa.gov |