Hombre
10-01-2021, 03:14 PM
I had a long drawn out government frustration post but somehow it never made it probably the Russians! Anyway in true WA government fashion they think they know whats best for people, and should just force decisions upon us. In true gov fashion their plan is also shit. In a nutshell WA residents now have to buy Long Term Care insurance. I'm all for LTC, and think in general most should have it to a) ensure you aren't a burden on your family and b) protect your assets. With that said the highlights of the WA plan
.56% tax of all your income (Salary, bonus, stock)
Covers a max of $36K (That'd last about 6 months)
You have to pay in for 10 years
If you leave the state it won't pay (Theft)
The saving grace is you could opt out and get your own. Today they opened the portal to opt out and apparently are surprised that the vast majority are opting out and the website crashed. A few predictions: 1) They won't have the $ to cover people when the time come. 2) They will have to extend or cancel the program because they didn't think through how to make it successful long-term or how to execute it.
Why anyone wants the gov to control any part of their life is beyond me. I have yet to see anything they do be successful.
.56% tax of all your income (Salary, bonus, stock)
Covers a max of $36K (That'd last about 6 months)
You have to pay in for 10 years
If you leave the state it won't pay (Theft)
The saving grace is you could opt out and get your own. Today they opened the portal to opt out and apparently are surprised that the vast majority are opting out and the website crashed. A few predictions: 1) They won't have the $ to cover people when the time come. 2) They will have to extend or cancel the program because they didn't think through how to make it successful long-term or how to execute it.
Why anyone wants the gov to control any part of their life is beyond me. I have yet to see anything they do be successful.