Wash. Admin. Code § 182-513-1397 - Treatment of entrance fees for people residing in a continuing care retirement community or a life care community
(1) A person's entrance fee in a continuing
care retirement community or life care community is an available resource to
the person, to the extent that:
(a) The
person has the ability to use the entrance fee, or the contract provides that
the entrance fee may be used, to pay for care should other resources or income
of the person be insufficient to pay for care;
(b) The person is eligible for a refund of
any remaining entrance fee when the person dies or when the person terminates
the continuing care retirement community or life care community contract and
leaves the community; and
(c) The
entrance fee does not confer an ownership interest in the continuing care
retirement community or life care community.
(2) Nothing in subsection (1) of this section
prevents the agency or its designee from evaluating contracts with facilities
not described in subsection (1) of this section.
Notes
WSR 13-01-017, recodified as §182-513-1397, filed 12/7/12, effective 1/1/13. Statutory Authority: RCW 74.04.050, 74.04.057, 74.08.090, 74.09.530, section 6014 of the Deficit Reduction Act of 2005 (DRA), and 2010 1st sp.s. c 37§ 209(1). WSR 12-21-091, § 388-513-1397, filed 10/22/12, effective 11/22/12.
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