Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

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BruDude
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by BruDude »

Lincoln National is no longer taking applications for the MoneyGuard policy after 5PM Eastern today.
Trader Joe
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by Trader Joe »

Exemption form/process?
Futureplanner
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by Futureplanner »

Does anybody know if a $2,000/monthly benefit with a max benefit of $100k qualifies for the exemption?
BruDude
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by BruDude »

Futureplanner wrote: Mon Sep 13, 2021 11:14 pm Does anybody know if a $2,000/monthly benefit with a max benefit of $100k qualifies for the exemption?
There is no minimum benefit required, it just has to meet the state definition of LTC
Trader Joe
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by Trader Joe »

Exemptions:

Need more info?
Visit our Learn More page to read our frequently asked questions, including specific questions about exemptions.

Email wacaresexemptions@esd.wa.gov and a member of our team at the Employment Security Department will follow up with you.

Call the Employment Security Department’s WA Cares representatives at the (833) 717-2273.

http://www.wacaresfund.wa.gov/private-insurance/
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willthrill81
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by willthrill81 »

BruDude wrote: Mon Sep 13, 2021 11:20 pm
Futureplanner wrote: Mon Sep 13, 2021 11:14 pm Does anybody know if a $2,000/monthly benefit with a max benefit of $100k qualifies for the exemption?
There is no minimum benefit required, it just has to meet the state definition of LTC
I cannot believe how many people in WA state believe that there are minimum qualifications for the LTC to qualify for the exemption. I'm not sure this myth has persisted so long because it's clearly not in the law. A supposedly financially savvy guy I know of was recently telling a friend of mine that if his LTC policy didn't have certain features that he wouldn't qualify for the exemption.

I'm very thankful that my NYL policy was recently approved. $264/year is so low that I am likely to keep the policy for at least a few years or until I retire, whichever comes first, since Olympia seems likely to have to change the rules in order to keep this new program afloat.
“Good and ill have not changed since yesteryear; nor are they one thing among Elves and Dwarves and another among Men.” J.R.R. Tolkien, The Lord of the Rings
orsetto
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by orsetto »

Was anyone recently in underwriting with Nationwide for No-Lapse Guarantee UL II? They're saying that there was a glitch in their illustrator in July and actual rates are higher.

For Microsoft employees, there's a UL product with LTC rider through Trustmark. Rates are similar to State Farm.
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by BruDude »

orsetto wrote: Wed Sep 15, 2021 3:32 pm Was anyone recently in underwriting with Nationwide for No-Lapse Guarantee UL II? They're saying that there was a glitch in their illustrator in July and actual rates are higher.

For Microsoft employees, there's a UL product with LTC rider through Trustmark. Rates are similar to State Farm.
I've had a few approved, no glitch that I'm aware of but it's possible. If a signed illustration was submitted with the application they should probably honor it, but given the time crunch it's probably best to just accept whatever is offered at this point especially if it's a minor difference. The Nationwide policies are also being offered on a "take it or leave it" basis for approvals, no appeals for underwriting decisions. Some of mine have been in underwriting for almost 2 months already with no approval yet. Their phone line has a message saying they will not provide any updates for WA LTC apps except by email, and you can't ask about anything.
orsetto
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by orsetto »

BruDude wrote: Wed Sep 15, 2021 3:38 pm
orsetto wrote: Wed Sep 15, 2021 3:32 pm Was anyone recently in underwriting with Nationwide for No-Lapse Guarantee UL II? They're saying that there was a glitch in their illustrator in July and actual rates are higher.

For Microsoft employees, there's a UL product with LTC rider through Trustmark. Rates are similar to State Farm.
I've had a few approved, no glitch that I'm aware of but it's possible. If a signed illustration was submitted with the application they should probably honor it, but given the time crunch it's probably best to just accept whatever is offered at this point especially if it's a minor difference. The Nationwide policies are also being offered on a "take it or leave it" basis for approvals, no appeals for underwriting decisions. Some of mine have been in underwriting for almost 2 months already with no approval yet. Their phone line has a message saying they will not provide any updates for WA LTC apps except by email, and you can't ask about anything.
Yeah I thought they would honor it but it's just all sorts of problems communicating with them. They also didn't use the P+ rating like I asked (they said the Illustrator wouldn't let them..) so they need a new illustration for me to sign now after approval, with the new rates $100 more. They are also pushing the 4% benefit on the LTC rider very hard. Thought I read somewhere that they were not allowing independent agents sell this or else should have gone with you! I had agent friends in other states run illustrations for me and the 2% benefit numbers were close to what you shared so it's had to believe everyone was running the Illustrator with the wrong numbers.
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by Kookaburra »

willthrill81 wrote: Mon Sep 13, 2021 11:48 pm
BruDude wrote: Mon Sep 13, 2021 11:20 pm
Futureplanner wrote: Mon Sep 13, 2021 11:14 pm Does anybody know if a $2,000/monthly benefit with a max benefit of $100k qualifies for the exemption?
There is no minimum benefit required, it just has to meet the state definition of LTC
I cannot believe how many people in WA state believe that there are minimum qualifications for the LTC to qualify for the exemption. I'm not sure this myth has persisted so long because it's clearly not in the law. A supposedly financially savvy guy I know of was recently telling a friend of mine that if his LTC policy didn't have certain features that he wouldn't qualify for the exemption.

I'm very thankful that my NYL policy was recently approved. $264/year is so low that I am likely to keep the policy for at least a few years or until I retire, whichever comes first, since Olympia seems likely to have to change the rules in order to keep this new program afloat.
I blame much of this on LTC insurance agents who aren’t shy about fear-mongering that a policy without (insert any variety of made-up minimum requirements) will not or may not qualify. Some even go so far as to say they will not sell you a “lesser” policy since they don’t want you to be upset at them when the exemption request is denied. These insurance salespeople certainly are earning their reputation.
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willthrill81
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by willthrill81 »

Kookaburra wrote: Wed Sep 15, 2021 10:58 pm
willthrill81 wrote: Mon Sep 13, 2021 11:48 pm
BruDude wrote: Mon Sep 13, 2021 11:20 pm
Futureplanner wrote: Mon Sep 13, 2021 11:14 pm Does anybody know if a $2,000/monthly benefit with a max benefit of $100k qualifies for the exemption?
There is no minimum benefit required, it just has to meet the state definition of LTC
I cannot believe how many people in WA state believe that there are minimum qualifications for the LTC to qualify for the exemption. I'm not sure this myth has persisted so long because it's clearly not in the law. A supposedly financially savvy guy I know of was recently telling a friend of mine that if his LTC policy didn't have certain features that he wouldn't qualify for the exemption.

I'm very thankful that my NYL policy was recently approved. $264/year is so low that I am likely to keep the policy for at least a few years or until I retire, whichever comes first, since Olympia seems likely to have to change the rules in order to keep this new program afloat.
I blame much of this on LTC insurance agents who aren’t shy about fear-mongering that a policy without (insert any variety of made-up minimum requirements) will not or may not qualify. Some even go so far as to say they will not sell you a “lesser” policy since they don’t want you to be upset at them when the exemption request is denied. These insurance salespeople certainly are earning their reputation.
I suspect that you're mostly correct. The LTCi industry's reputation as not working in their clients' best interests has, at least up until now, been well earned.
“Good and ill have not changed since yesteryear; nor are they one thing among Elves and Dwarves and another among Men.” J.R.R. Tolkien, The Lord of the Rings
RoyHobbs9
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by RoyHobbs9 »

orsetto wrote: Wed Sep 15, 2021 4:22 pm
BruDude wrote: Wed Sep 15, 2021 3:38 pm
orsetto wrote: Wed Sep 15, 2021 3:32 pm Was anyone recently in underwriting with Nationwide for No-Lapse Guarantee UL II? They're saying that there was a glitch in their illustrator in July and actual rates are higher.

For Microsoft employees, there's a UL product with LTC rider through Trustmark. Rates are similar to State Farm.
I've had a few approved, no glitch that I'm aware of but it's possible. If a signed illustration was submitted with the application they should probably honor it, but given the time crunch it's probably best to just accept whatever is offered at this point especially if it's a minor difference. The Nationwide policies are also being offered on a "take it or leave it" basis for approvals, no appeals for underwriting decisions. Some of mine have been in underwriting for almost 2 months already with no approval yet. Their phone line has a message saying they will not provide any updates for WA LTC apps except by email, and you can't ask about anything.
Yeah I thought they would honor it but it's just all sorts of problems communicating with them. They also didn't use the P+ rating like I asked (they said the Illustrator wouldn't let them..) so they need a new illustration for me to sign now after approval, with the new rates $100 more. They are also pushing the 4% benefit on the LTC rider very hard. Thought I read somewhere that they were not allowing independent agents sell this or else should have gone with you! I had agent friends in other states run illustrations for me and the 2% benefit numbers were close to what you shared so it's had to believe everyone was running the Illustrator with the wrong numbers.
I agree with BruDude. I've had several approved through Nationwide. The only "glitch" I can think of is the guaranteed % on the illustrator was updated a couple months back which required a revised illustration (for their No Lapse UL and IULs). Updates occur every 1 to 3 years with most carriers. Due to the amount of time processing is taking, the possibility of "aging up" during the underwriting process has increased (most carriers use your closest birthday instead of your actual age). With how buried Nationwide is, and with an email I received from them today, I wouldn't mess around due to that 11/1 deadline steamrolling our way. I have an aged case that is 99 days old today and several more in the 60s to 80s range.

I'm not aware of not being able to illustrate a P+ rating, but I know that many agents are trained to illustrate at a preferred or standard rating since it is a better conversation down the road if the proposed insured receives a better rating than a worse rating. It is strange that he wouldn't honor your request, but it could be an internal deal.

I only had 2 couples choose the 4%. They chose it, not me. They were also in their 50s, and actually looking for something that could eventually take a bite out the skyrocketing costs of LTC during their waning years. That's 4 people out of the 50+ cases I have with Nationwide. I allowed all of them to choose, and surprisingly, most chose the 3% option.
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by BruDude »

My agency told me today that Nationwide received over 12,500 applications for WA alone and currently has 13 underwriters reviewing about 300 cases a day. That is a hell of a lot of apps for one state, I can see why they are so backed up on everything.
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by willthrill81 »

BruDude wrote: Thu Sep 16, 2021 2:00 pm My agency told me today that Nationwide received over 12,500 applications for WA alone and currently has 13 underwriters reviewing about 300 cases a day. That is a hell of a lot of apps for one state, I can see why they are so backed up on everything.
Only 13 underwriters? :shock:
“Good and ill have not changed since yesteryear; nor are they one thing among Elves and Dwarves and another among Men.” J.R.R. Tolkien, The Lord of the Rings
BruDude
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by BruDude »

willthrill81 wrote: Thu Sep 16, 2021 2:41 pm
BruDude wrote: Thu Sep 16, 2021 2:00 pm My agency told me today that Nationwide received over 12,500 applications for WA alone and currently has 13 underwriters reviewing about 300 cases a day. That is a hell of a lot of apps for one state, I can see why they are so backed up on everything.
Only 13 underwriters? :shock:
That's just for Washington, they can't just ignore the other 49 states...they set up a whole team specifically for WA LTC cases.
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by willthrill81 »

BruDude wrote: Thu Sep 16, 2021 2:43 pm
willthrill81 wrote: Thu Sep 16, 2021 2:41 pm
BruDude wrote: Thu Sep 16, 2021 2:00 pm My agency told me today that Nationwide received over 12,500 applications for WA alone and currently has 13 underwriters reviewing about 300 cases a day. That is a hell of a lot of apps for one state, I can see why they are so backed up on everything.
Only 13 underwriters? :shock:
That's just for Washington, they can't just ignore the other 49 states...they set up a whole team specifically for WA LTC cases.
Still, that's an insanely small team to review so many applications. It will be amazing if they can review and issue policies where appropriate in the next 6 weeks.
“Good and ill have not changed since yesteryear; nor are they one thing among Elves and Dwarves and another among Men.” J.R.R. Tolkien, The Lord of the Rings
BruDude
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by BruDude »

willthrill81 wrote: Thu Sep 16, 2021 2:45 pm
BruDude wrote: Thu Sep 16, 2021 2:43 pm
willthrill81 wrote: Thu Sep 16, 2021 2:41 pm
BruDude wrote: Thu Sep 16, 2021 2:00 pm My agency told me today that Nationwide received over 12,500 applications for WA alone and currently has 13 underwriters reviewing about 300 cases a day. That is a hell of a lot of apps for one state, I can see why they are so backed up on everything.
Only 13 underwriters? :shock:
That's just for Washington, they can't just ignore the other 49 states...they set up a whole team specifically for WA LTC cases.
Still, that's an insanely small team to review so many applications. It will be amazing if they can review and issue policies where appropriate in the next 6 weeks.
I think that's actually 3-4x the size of their normal underwriting team for one region, let alone one state.
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by willthrill81 »

BruDude wrote: Thu Sep 16, 2021 3:25 pm
willthrill81 wrote: Thu Sep 16, 2021 2:45 pm
BruDude wrote: Thu Sep 16, 2021 2:43 pm
willthrill81 wrote: Thu Sep 16, 2021 2:41 pm
BruDude wrote: Thu Sep 16, 2021 2:00 pm My agency told me today that Nationwide received over 12,500 applications for WA alone and currently has 13 underwriters reviewing about 300 cases a day. That is a hell of a lot of apps for one state, I can see why they are so backed up on everything.
Only 13 underwriters? :shock:
That's just for Washington, they can't just ignore the other 49 states...they set up a whole team specifically for WA LTC cases.
Still, that's an insanely small team to review so many applications. It will be amazing if they can review and issue policies where appropriate in the next 6 weeks.
I think that's actually 3-4x the size of their normal underwriting team for one region, let alone one state.
I'm sure, but this has got to be an unprecedented number of applications over so short a time frame.
“Good and ill have not changed since yesteryear; nor are they one thing among Elves and Dwarves and another among Men.” J.R.R. Tolkien, The Lord of the Rings
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by BruDude »

willthrill81 wrote: Thu Sep 16, 2021 3:26 pm
I'm sure, but this has got to be an unprecedented number of applications over so short a time frame.
Sure, but they also don't have the time or urgency to hire more underwriters just to sell a bunch of policies that may lapse in the near future anyway, most of which have fairly small premiums. Underwriters don't just grow on trees, it's a job that takes a lot of knowledge and experience to do properly. They moved some of the underwriters around from other teams which is causing a disruption on service to other policies/applications that are more profitable and likely to stay in force longer. It isn't Nationwide's fault that WA only gave people effectively a 3 month window to apply.
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by willthrill81 »

BruDude wrote: Thu Sep 16, 2021 3:36 pm
willthrill81 wrote: Thu Sep 16, 2021 3:26 pm
I'm sure, but this has got to be an unprecedented number of applications over so short a time frame.
Sure, but they also don't have the time or urgency to hire more underwriters just to sell a bunch of policies that may lapse in the near future anyway, most of which have fairly small premiums. Underwriters don't just grow on trees, it's a job that takes a lot of knowledge and experience to do properly. They moved some of the underwriters around from other teams which is causing a disruption on service to other policies/applications that are more profitable and likely to stay in force longer. It isn't Nationwide's fault that WA only gave people effectively a 3 month window to apply.
Quite true.

Olympia created a real mess, one that's likely to last for many years (unless the courts intervene).
“Good and ill have not changed since yesteryear; nor are they one thing among Elves and Dwarves and another among Men.” J.R.R. Tolkien, The Lord of the Rings
intendi
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by intendi »

We're getting pretty close to Oct 1. I'm poking around on the Washington Cares Fund and Employment Security Department sites and still don't see any specific guidance on how to submit the application for exemption. Wondering if I'm missing something...
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

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intendi wrote: Thu Sep 16, 2021 4:19 pm We're getting pretty close to Oct 1. I'm poking around on the Washington Cares Fund and Employment Security Department sites and still don't see any specific guidance on how to submit the application for exemption. Wondering if I'm missing something...
I don't believe it's been made public yet.
“Good and ill have not changed since yesteryear; nor are they one thing among Elves and Dwarves and another among Men.” J.R.R. Tolkien, The Lord of the Rings
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by RoyHobbs9 »

BruDude wrote: Thu Sep 16, 2021 3:36 pm
willthrill81 wrote: Thu Sep 16, 2021 3:26 pm
I'm sure, but this has got to be an unprecedented number of applications over so short a time frame.
Sure, but they also don't have the time or urgency to hire more underwriters just to sell a bunch of policies that may lapse in the near future anyway, most of which have fairly small premiums. Underwriters don't just grow on trees, it's a job that takes a lot of knowledge and experience to do properly. They moved some of the underwriters around from other teams which is causing a disruption on service to other policies/applications that are more profitable and likely to stay in force longer. It isn't Nationwide's fault that WA only gave people effectively a 3 month window to apply.
Nationwide isn't the only one with a log jam. Transamerica is taking weeks to respond, and OneAmerica isn't much better. OneAmerica is scaring me at this point. Nationwide sent out an email Monday to (paraphrasing) "leave them alone on the inquiries and let them do their jobs." On top of all of that, APPS (3rd party medical examiner) has been hit with 16,000 exam requests. That is a lot of fluids. The clinic is doing 700 cases a day, and their mobile medics are doing 6am to 7pm, 7 days a week. This is absolutely insane, and may be a no win situation for a lot of our clients that thought they got their applications in in plenty of time.

Does anyone know if State Farm is still taking apps at this point? If they are, I think they are about to get a bunch of business.
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by jstorz »

RoyHobbs9 wrote: Wed Sep 22, 2021 9:10 pm Transamerica is taking weeks to respond
Confirm. Applied in May and have heard nothing directly - large employer, not sponsored but "approved service group" or something to get modified guaranteed issue. The latest line is they are trying to have everybody without medical underwriting approved this week but I am extremely skeptical.

Really considering a backup option at this point. There is a guarantee issue combo LTC & life for roughly ~2x the cost of Transamerica LTC. Still less than I'd pay with the tax, and I'd end up cancelling at least one of them if they both came through.

I really feel for people who don't have employers helping them with options, at this point it is probably too late.
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by willthrill81 »

The ESD web site says the following regarding applying for the exemption:
Exemption applications will be available starting Oct. 1, 2021. ESD can only accept exemption applications through Dec. 31, 2022.
So apparently they aren't making the application available until Oct. 1st.
“Good and ill have not changed since yesteryear; nor are they one thing among Elves and Dwarves and another among Men.” J.R.R. Tolkien, The Lord of the Rings
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by BruDude »

RoyHobbs9 wrote: Wed Sep 22, 2021 9:10 pm
BruDude wrote: Thu Sep 16, 2021 3:36 pm
willthrill81 wrote: Thu Sep 16, 2021 3:26 pm
I'm sure, but this has got to be an unprecedented number of applications over so short a time frame.
Sure, but they also don't have the time or urgency to hire more underwriters just to sell a bunch of policies that may lapse in the near future anyway, most of which have fairly small premiums. Underwriters don't just grow on trees, it's a job that takes a lot of knowledge and experience to do properly. They moved some of the underwriters around from other teams which is causing a disruption on service to other policies/applications that are more profitable and likely to stay in force longer. It isn't Nationwide's fault that WA only gave people effectively a 3 month window to apply.
Nationwide isn't the only one with a log jam. Transamerica is taking weeks to respond, and OneAmerica isn't much better. OneAmerica is scaring me at this point. Nationwide sent out an email Monday to (paraphrasing) "leave them alone on the inquiries and let them do their jobs." On top of all of that, APPS (3rd party medical examiner) has been hit with 16,000 exam requests. That is a lot of fluids. The clinic is doing 700 cases a day, and their mobile medics are doing 6am to 7pm, 7 days a week. This is absolutely insane, and may be a no win situation for a lot of our clients that thought they got their applications in in plenty of time.

Does anyone know if State Farm is still taking apps at this point? If they are, I think they are about to get a bunch of business.
Amazingly, Lincoln National approved three of my MoneyGuard applications within a week so at least they are on the ball, but it was a much more expensive last-resort option so their volume of business was probably a lot lower. I've had about half of my Nationwide cases approved, a couple with John Hancock have been done, and the others are still waiting. There is still time but it is definitely beginning to run short, especially for any cases where they're going to need medical records or an exam. All of my approvals for Nationwide were through automated underwriting. Even the approved policies have not been delivered yet after 1-2 weeks post-approval, so I don't know how all of these are going to get done and into people's hands to sign before November 1.
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by Whakamole »

BruDude wrote: Thu Sep 16, 2021 2:00 pm My agency told me today that Nationwide received over 12,500 applications for WA alone and currently has 13 underwriters reviewing about 300 cases a day. That is a hell of a lot of apps for one state, I can see why they are so backed up on everything.
Transamerica said that they're processing as many applications for WA now as they usually do in five years.
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by CardinalRule »

I see a pending charge to my credit card for Transamerica (something like $170) and so presumably my application has been processed. I haven't seen any email or snail mail confirmation, though.
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by RoyHobbs9 »

Answering my own question. . . State Farm is planning to stop taking WA applications within a week. Not sure about Farmers.
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Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

Post by drk »

CardinalRule wrote: Thu Sep 23, 2021 12:15 am I see a pending charge to my credit card for Transamerica (something like $170) and so presumably my application has been processed. I haven't seen any email or snail mail confirmation, though.
I assume that's a re-authorization to confirm that the card is still open before they finalize the approval. Last month, I had a similar pending charge on my credit card from Transamerica, then a week later received two snail mail notices on the same day:

1. A letter explaining that my application was still in-process, but that they were going to charge my card for the whole year's premium rather than one month
2. An information packet detailing my newly-accepted policy

A few days later, my card was charged for the first month premium.
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