OLYMPIA - The Washington State Senate approved bipartisan legislation today to ensure Washingtonians who pay for private long-term care insurance are able to receive benefits when they are needed most. Senate Bill 5508, sponsored by Sen. Marko Liias (D – Everett), passed on a unanimous vote. The legislation would align state law with the National Association of Insurance Commissioners Model Act to ensure the Guaranty Fund will remain solvent in the long term.
“This is an important step to make sure Washingtonians are receiving the private long term care coverage that they have paid into,” said Liias. “In some ...Read More