WA Cares Fund definition

WA Cares Fund means the Long-Term Services and Supports Trust Act enacted in 2019 under RCW 50B.04.
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WA Cares Fund means a state-run long-term care benefit program in Washington. It ensures that all working Washingtonians can access long-term care services and supports when needed, without depleting their life savings.
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Examples of WA Cares Fund in a sentence

  • Composed of appointees from each of the Member Clubs (one appointee each).

  • Individuals born before 1968 also have the opportunity to earn partial WA Cares Fund benefits, namely 10 percent of the maximum lifetime benefit for each year they contribute.

  • Based on actuarial analysis updated in October 2022, under most scenarios evaluated, including the base plan scenario, the program’s premium assessment of 0.58% ($0.58 per $100 of earnings, or about $24/month for the median covered earner making$50,100/year) is projected to keep the WA Cares Fund solvent over the entire 75-year projection period (through June 30, 2098).

  • In June 2021, the legislature charged the LTSS Trust Commission to work with insurers to support the development of private long-term care insurance products that supplement the WA Cares Fund benefit.1 In September 2021, the LTSS Trust Commission chartered a workgroup to focus on these challenges and issue recommendations to the Commission by summer 2022.

  • WA Cares Fund is a cross-agency project administered collaboratively by the Department of Social and Health Services (DSHS), the Employment Security Department (ESD), the Health Care Authority (HCA), and the Office of the State Actuary (OSA).

  • The legislature could implement this recommendation by adding the following language to RCW 50B.04: • If Washington is successful in obtaining a waiver from the Centers for Medicare and Medicaid that results in shared savings because of WA Cares Fund spending, the amount of shared savings must be deposited into the WA Cares Fund Trust Fund.

  • COMMISSION RECOMMENDATION TO THE LEGISLATUREThe Commission recommends that any savings achieved through a potential shared savings waiver with the federal government should be credited to the WA Cares Fund since these savings result directly from WA Cares Fund expenditures.

  • Individuals who have met work and contribution requirements of 10 years with no more than a 5-year interruption (or 3 out of the last 6 years at the time of application) and who need assistance with three or more activities of daily living may claim full WA Cares Fund benefits from approved providers.

  • Washington State Long Term Care TrustStarting January 1, 2022, Washington employers are required to collect premiums from employees in the form of a payroll tax deducted from paychecks, which will fund the Washington State Long Term Care Trust (WA Cares Fund) that ultimately pays benefits, up to a total of $36,500, to eligible Washingtonians.

  • COMMISSION RECOMMENDATION TO THE LEGISLATURE ON RESCINDING WA CARES LIFETIME EXEMPTIONOption 1 – Recommended by the Commission: Provide everyone who has a lifetime exemption a one-time limited opportunity to permanently join WA Cares Fund until June 30, 2028, five years after the start of premium collection.


More Definitions of WA Cares Fund

WA Cares Fund means an affordable long-term care insurance program for all working Washingtonians.
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Related to WA Cares Fund

  • Investment Services means the Investment Services under the Company’s CIF license which can be found in the document “Company Information” on the Website.

  • Mutual Funds means (i) all open-end mutual funds; and (ii) similar pooled investment vehicles established in non-U.S. jurisdictions, such as registered investment trusts in Japan. For purposes of the Code, Mutual Fund does not include shares of open-end money market mutual funds (unless otherwise advised by Compliance).

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • School health services means health services provided by a qualified school nurse or other qualified person that are designed to enable a child with a disability to receive FAPE as described in the child’s IEP.

  • Sponsored research means research, training, and other sponsored activities as defined by the federal Executive Office of the President, Office of Management and Budget:

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Subscriber Management System means a system or device which stores the subscriber records and details with respect to name, address and other information regarding the hardware being utilized by the subscriber, channels or bouquets of channels subscribed by the subscriber, price of such channels or bouquets of channels as defined in the system, the activation or deactivation dates and time for any channel or bouquets of channels, a log of all actions performed on a subscriber’s record, invoices raised on each subscriber and the amounts paid or discount allowed to the subscriber for each billing period, and which complies with the requirements as set out under Annexure D of this Agreement;