Uncategorized – ESJR 8212 Information Center

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October 2nd, 2020

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Nearly 70% of adults over the age of 65 will need some level of long-term care, yet 90% are not insured for it. That’s why the legislature established the Long-Term Care Trust Act in 2019 to address Washington’s long-term care crisis, reducing the burdensome cost of long-term care for hundreds of thousands of Washington families.

This year, the state House and Senate approved Engrossed Senate Joint Resolution 8212 with overwhelming bipartisan votes of 96-1 and 45-3, respectively. If approved by voters this November, ESJR 8212 would give the Washington State Investment Board more options to responsibly manage Washington’s Long-Term Care Trust Fund in order to ensure every elderly Washingtonian can rely on and afford the long-term care services they need, when they need it.

By giving the state investment board the ability to invest the trust fund, more families in Washington will be able to receive funding for care, with a benefit of up to $36,500 indexed to inflation. The state already invests pensions for frontline workers like our teachers, police, and firefighters in this manner, allowing the funds to responsibly grow in value over time. The Long-Term Care Trust is overseen by a trusted, independent commission and will begin paying out benefits in 2025, offering seniors in Washington the care they need.

Vote to Approve ESHR 8212 to make a smart investment in the health of Washingtonians!

— 2020 Washington State Progressive Voters Guide

ESJR 8212 Information Center

Category: Uncategorized

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The case for casting an “Approved” vote, in less than three hundred words