Best Long-Term Care Life Insurance in Washington State (2022)

Some of the best long-term care insurance in Washington State comes from OneAmerica, National Guardian Life, Lincoln Financial, and Nationwide. However, Washington has also introduced the country's first state-run long-term care benefits program called the WA Cares Fund. Citizens can be eligible for this long-term care insurance in Washington State if they meet specific work requirements. Others may benefit from buying private long-term care insurance.

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Chris Tepedino is a feature writer that has written extensively about home, life, and car insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, researching investigative pieces, and crafting detailed, data-driven features. His works have been featured on CB Blog Nation, Flow Words, Healing Law, WIBW Kansas, and C...

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Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...

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Reviewed by Laura Walker
Former Licensed Agent Laura Walker

UPDATED: Feb 12, 2022

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The Rundown

  • A few of the best long-term care insurance companies in Washington State include OneAmerica, National Guardian Life, Lincoln Financial, and Nationwide
  • Your long-term care insurance rates will depend mostly on your age and health status when you purchase the policy, as well as your policy coverage details
  • Citizens of Washington State can benefit from the country’s first state-run long-term care benefits program called the WA Cares Fund
  • You may want to consider purchasing private long-term care insurance if you are not eligible for WA Cares benefits or if you want higher coverage limits or additional benefits

Long-term care insurance can help to cover expenses associated with a chronic illness, disability, or other medical condition. In some cases, long-term care insurance can be compared with life insurance or similar benefits. As you get older, you may want to consider purchasing long-term care insurance to reduce the risk of using your retirement savings for arising medical issues.

Below, we’ve discussed some of the best long-term care insurance in Washington State, how much it cost, and who can take advantage of the new WA Cares Fund. Keep reading to learn more.

You can also enter your ZIP code into our free quote comparison tool above to find affordable long-term care insurance in Washington State.

What are the best long-term care insurance providers in Washington State?

If you were to become injured or disabled while working in Washington State and required income to continue your lifestyle, you have a few different options. You could choose to pay for long-term care out of your own pocket with savings or equity in your home. Some people may also qualify for Medicaid or VA benefits. However, you could also receive long-term care benefits from the WA Cares Fund or from a private long-term care insurance policy.

Below are some of the best long-term care insurance companies in Washington State.

OneAmerica

OneAmerica is a long-term care insurance company in Washington State that combines long-term care insurance with life insurance or an annuity. In this case, you would pay for long-term care insurance, but if you didn’t use the benefits you would leave them as a death benefit for your beneficiaries.

National Guardian Life (NGL)

National Guardian Life’s (NGL’s) EssentialLTC long-term care policy includes various riders and benefits, such as a return of premium rider and flexible payment plans. In addition, NGL has received an A rating from A.M. Best, which indicates excellent financial strength.

Lincoln Financial

Lincoln Financial offers multiple long-term care insurance policies. However, one of its most popular policies is a hybrid policy that gives you the advantage of leaving a tax-free death benefit to your beneficiaries if you don’t use the long-term care benefits.

Nationwide

Nationwide offers stand-alone long-term care insurance policies or a long-term care add-on for life insurance policies. In addition, the benefits from Nationwide are paid in cash.

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How much does long-term care insurance in Washington State cost?

According to the American Association for Long-Term Care, the average long-term care insurance rates for a person in Select health (a lower rating than Preferred health) are as follows:

Average Long-Term Care Insurance Rates for $165,000 Benefit by Age and Gender
Age & GenderAverage Annual Long-Term Care Insurance Rate
55-Year-Old Male$950
55-Year-Old Female$1,500
Couple Both Age 55$2,080
60-Year-Old Male$1,175
60-Year-Old Female$1,900
Couple Both Age 60$2,600
65-Year-Old Male$1,700
65-Year-Old Female$2,700
Couple Both Age 65$3,750
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Your age and health status at the time of purchase are the two most important determinants of your long-term care insurance rates in Washington State. However, your rates will also depend on your policy features. For example, you will need to choose the coverage amount, a benefit period, a daily benefit amount, an elimination period (the number of days you will pay for yourself before insurance takes over), and whether you want inflation protection.

What is the WA Cares Fund?

The WA Cares Fund is the first state-run long-term care benefits program that is paid for with a long-term care insurance Washington State tax that is deducted from employees’ payroll. In exchange for paying the small tax, citizens of Washington can receive long-term care benefits if needed.

This long-term care insurance Washington State law went into effect on January 1, 2022. Employees must now contribute $0.58 for every $100 they earn, which adds up to about $302 per year based on the average annual earnings for a citizen of Washington. The tax rate for this program will be re-evaluated every two years.

In order to be eligible for benefits, you must be employed for at least 10 years, without a break of five or more years, OR work for at least 500 hours per year for three out of the six years preceding your benefits application.

The WA Cares Fund will begin paying benefits up to $36,500 in January 2025. They may cover professional in-home care, support for family caretakers, assisted living facilities or nursing homes, adaptive equipment and technology, home modifications, meals and transportation, dementia support, care transition coordination, and education and consultations.

It is possible to file for a long-term care insurance Washington State opt-out if you wish to be exempt from paying the tax. However, there may be requirements that you must meet in order to qualify for an exemption. You should also keep in mind that you cannot re-enroll in the WA Cares Fund if you are granted an exemption.

Should I buy long-term care insurance in Washington State?

If you are not eligible to receive the WA Cares Fund benefits, you may want to consider buying private long-term care insurance. For example, if you plan to retire before working long enough to receive benefits, you may not be eligible for the WA Cares Fund.

Many people may want to consider buying private long-term care insurance to have higher coverage limits. When you buy long-term care insurance from a private company, you can choose a higher level of benefits than is provided by the WA Cares Fund. You could also combine the benefits from both programs, or you can file for an exemption from the state fund and use just your private benefits.

Private long-term care insurance policies may also include additional benefits, such as an optional death benefit, out-of-state coverage, return of premium riders, and the ability to add a partner or spouse to the policy.

If you would like to compare long-term care insurance quotes in Washington State, enter your ZIP code into our free quote comparison tool below.

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