Get Ready for 2022: All You Need to Know About Benefit Information for Washington Citizens Only
Washington citizens, get ready for the new year with updated information on benefits available to you in 2022. This comprehensive guide will provide you with everything you need to know regarding healthcare, retirement, and unemployment benefits.
Healthcare Benefits
Washington’s state healthcare exchange, Washington Healthplanfinder, provides affordable healthcare options for its residents. The open enrollment period starts on November 1, 2021, and ends on January 15, 2022. Ensure to enroll during this period if you plan on having healthcare coverage for the upcoming year. If not, you may be subject to tax penalties.
The Washington Basic Health Plan is available to people with income below 200% of the federal poverty level, providing healthcare coverage with a low monthly premium.
Additionally, Washington has several programs designed for individuals with specific healthcare needs, ranging from Apple Health for Kids to Washington State Breast and Cervical Cancer Program.
Retirement Benefits
The Washington State Department of Retirement Systems (DRS) offers plans for public employees, including teachers and law enforcement officials. Eligibility requirements vary depending on your job classification and length of service.
The State of Washington offers several defined benefit retirement plans, with guaranteed lifetime income after retirement. Additionally, the State offers a deferred compensation program, a voluntary retirement savings plan, allowing employees to save for retirement using pre-tax dollars.
Unemployment Benefits
If you lose your job in Washington, you may be eligible for unemployment benefits. These benefits help you stay financially supported while you search for a new job.
To be eligible, you must meet specific requirements, including being unemployed through no fault of your own, being able and available to work, and actively seeking employment.
Conclusion
As a Washington citizen, it’s critical that you’re aware of the benefits available to you. Ensure that you enroll in the state healthcare exchange during the open enrollment period, understand your retirement plan, and know your eligibility for unemployment benefits. By being proactive and informed, you can make the most of these benefits and have a prosperous 2022.
