Policy researchers and lawmakershave long recognized that long-term care is an importantissue—there just has not been a consensus on how to address it.(Photo: Shutterstock)

Washington state has passed a first-in-the-nation bill establishing along-term care insurance program for workers in the state. The billattempts to offer at least a partial solution an issue that hasbeen widely discussed but not addressed by most states: the costsassociated with caring for an aging population.

The price tag of long-term care varies by individuals and theirspecific health needs, but estimates range from $25,000 to morethan $300,000 per individual for long-term care costs in theU.S.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.