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Act fast if you want to opt out of the Washington Cares Fund

The publicly-funded long-term care program will be paid for by taxes that will deduct from paychecks starting at the beginning of next year. #newdaynw

Seven in ten people in Washington state over the age of 65 will need long-term care within their lifetime.

That's why state lawmakers passed the Washington Cares Fund. It's a publicly-funded long-term care program, paid for by taxes that will deduct from your paychecks starting at the beginning of next year.

There is still time to opt-out, but the deadline is coming up fast — Nov. 1.

We chatted about the program with state representative Chris Corry, who is also an insurance broker. He does not sell this type of insurance, but he is well-versed on the new law and what it means moving forward.

Segment Producer Rebecca Perry. Watch New Day Northwest 11 AM weekdays on KING 5 and streaming live on KING5.com. Contact New Day.