[REPLAY] New LTC Tax & the 2023 fmiAgent Summer Giveaway Drawing from Financial Markets Inc

Recorded 07/13/23

The State of Washington passed The Long-Term Services and Supports Trust Act (Trust Act) in 2019, creating a NEW payroll TAX to help the State address the mounting costs of Long Term Care services.  Several states are following the State of Washington’s lead in implementing their own LTC tax for those who do not own a qualified Long-Term Care Insurance policy. Opt-out windows for having private long-term-care insurance appear to be short or non-existent with some states requiring coverage to be in place before the law goes into effect.  Plus, we will draw the winners of our fmiAgent Summer Giveaway.