[WA State] Can I cancel my private LTCI since the program was delayed?

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aquaman0
Posts: 24
Joined: Sun Nov 22, 2020 11:31 am

[WA State] Can I cancel my private LTCI since the program was delayed?

Post by aquaman0 »

We have received the exemptions and shared it with our employers. Paying close to $130 per month for the private insurance. Here is the clarification from the wa gov webpage. It sounds like we can cancel it? Am I missing something?
Can I cancel my private LTCI since the program was delayed?
The legislative changes delayed parts of the WA Cares implementation by 18 months but the requirements and deadlines for this type of exemption didn’t change. If you already have an approved exemption, it’s up to you to decide to maintain or cancel your private long-term care policy. You should speak with your broker or agent who sold you the policy about options.
https://wacaresfund.wa.gov/private-insurance/
jjj_22
Posts: 315
Joined: Sun Dec 08, 2019 2:07 pm

Re: [WA State] Can I cancel my private LTCI since the program was delayed?

Post by jjj_22 »

Lots of discussion of this here: viewtopic.php?t=340307&start=1550

I am in the camp who believes that this whole program has be so disastrously planned and executed that there is no telling what future changes may happen, so cancelling at this point would be a reckless gamble.
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