HB5664 creates the West Virginia CARES Fund to provide long-term care insurance for eligible beneficiaries.

HB5664 establishes the West Virginia CARES Fund to create a long-term care insurance benefit for eligible beneficiaries. Employers must collect payroll premiums from employees and remit them to Work F orce WV. Eligible beneficiaries can receive up to $100 per day for 365 days annually. The fund aims to provide an alternative funding mechanism for long-term care, relieving financial burdens on families and reducing Medicaid costs. The West Virginia Health Care Authority, the Department of Human Services, and Work F orce WV have distinct roles in implementing and administering the program.

HB5664 creates the West Virginia CARES Fund to provide long-term care insurance for eligible beneficiaries.

HB5664 establishes the West Virginia CARES Fund to create a long-term care insurance benefit for eligible beneficiaries. Employers must collect payroll premiums from employees and remit them to Work F orce WV. Eligible beneficiaries can receive up to $100 per day for 365 days annually. The fund aims to provide an alternative funding mechanism for long-term care, relieving financial burdens on families and reducing Medicaid costs. The West Virginia Health Care Authority, the Department of Human Services, and Work F orce WV have distinct roles in implementing and administering the program.