America is aging. Everyone gets that. And aging is challenging. Everyone gets that, too. Our bodies and minds wear out. Most of us will require some level of long-term care. But few have made a plan. Without a plan parents look to kids for help. Or, think they will qualify for government assistance through Medicaid. Ask yourself if either option is really a plan.
Medicaid is the fastest growing line item on most state budgets. As our population grows so will Medicaid expense. And so we see states designing their own strategies to shore up Medicaid budgets. Washington state has passed legislation to do just this.
We think it is poorly designed, discriminatory and does not allow sufficient time for residents to understand the issues, figure out appropriate coverage, apply and get through the underwriting process by the November 1, 2021 deadline.
The lack of time to adequately plan has led to a firestorm that in turn has led to insurers suspending sales in this state. It’s a mess. We’re waiting for the class action suit!