American Senior Resources (ASR) is an insurance agency founded in 1995, located in the state of Washington and specializes in offering all insurance products related to Long-Term Care, Medicare, Health Insurance, Life, and Annuities. ASR is one of the largest producing agencies in the northwest, servicing over 25,000 clients. ASR is contracted with multiple providers, which allows us to provide the proper plan design to suit the diverse needs of our clientele. As a full-service agency built on the foundation of loyalty and trust, our aim is to develop long-term relationships with our clients so that we can provide them with the support and guidance they need. We are committed to bringing you peace of mind by offering quality products and personalized service, focused on helping you achieve your goals.
Washington State has enacted the first public long-term care insurance program. The Long-Term Care Trust Act creates a publicly funded long-term care benefit for Washingtonians that provides a basic level of long-term care protection for working residents.
Starting January 1, 2022 the state will impose a .58% payroll tax ($.58 cents per $100 of gross income) on all W-2 employees who reside in Washington State. Unless you qualify for an exemption, this tax will be deducted from your paycheck and has no cap! The funds will be used to create the Long Term Care Trust.
Once you begin paying into the Trust, you will be eligible for long term care benefits based on the following criteria:
The trust will provide benefits for long term care services:
Certain individuals will be able to opt-out of the trust and not pay the .58% tax. These include: