In the United States, an aging population has spurred the need for comprehensive strategies for long-term care (LTC) services. Unfortunately, traditional government programs like Medicare and Medicaid, as well as general retirement or financial savings plans, are often insufficient to meet the needs of individuals requiring LTC. This reality leads many families to grapple with […]

Did you watched the Utah vs Arizona State Football game? How about the Texas OU game? Athletes live for the thrill of the game, fueled by the roar of the crowd, the camaraderie of teammates, and the adrenaline rush that comes with every victory. However, for many athletes, the risks of physical injury are ever-present, […]

As California’s population ages, the need for long-term care (LTC) services is becoming more urgent. In response, state officials have been working on a proposal to implement a payroll tax to fund LTC services. However, despite the growing need, the LTC tax proposal has encountered significant delays. Several key factors contribute to this holdup, including […]

As California explores options to fund a long-term care (LTC) system through payroll taxes, a key question arises: Who might be exempt from paying the tax? With multiple tax models under consideration, including flat rates, progressive taxes, and employer-employee matching contributions, there are several ways in which individuals might seek exemptions. This could include people […]

As California considers how to fund long-term care (LTC) services, payroll taxes are emerging as one of the leading options. Payroll taxes, which are automatically deducted from employees’ wages, are often seen as an effective way to generate stable, ongoing revenue for public services. Several payroll tax models are being discussed, each with different structures […]

As California grapples with the growing need for long-term care (LTC) services, the state is exploring several tax proposals to fund a sustainable solution. With an aging population and rising costs for elder care, these tax proposals aim to provide financial support for services such as home care, assisted living, and nursing homes. In 2023 […]

The California Department of Insurance (CDI) has been conducting in-depth research throughout 2023 and 2024 to address one of the state’s most pressing concerns: the future of long-term care (LTC) and how to fund it. With a rapidly aging population, rising health care costs, and a growing need for long-term services, the CDI’s efforts are […]