Washington State House of Representatives Office of Program Research |
BILL ANALYSIS |
Health Care Committee |
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HB 2938
Brief Description: Regarding long-term care financing.
Sponsors: Representatives Bailey, Cody, Morrell, Clibborn, Schindler, Armstrong, Woods, Schual-Berke, O'Brien, McDonald, Edwards, Wallace, Conway and Kagi.
Brief Summary of Bill |
• Directs the Secretary of the Department of Social and Health Services (Department) to contract for a study reviewing existing financial mechanisms and incentives for utilizing and purchasing long-term care services. |
• The Department will also establish an information and referral process to assist people in arranging home equity conversion mortgages to pay for long-term care services. |
Hearing Date: 2/3/04
Staff: Dave Knutson (786-7146).
Background:
Over the next 20 years, the portion of the population over age 65 will grow dramatically. The increased demand for long-term care services for the elderly will place greater burdens on the state operating budget.
Summary of Bill:
The Secretary of the Department of Social and Health Services (Department) will contract for a study reviewing existing financial mechanisms and incentives for individuals to utilize and purchase long-term care services. The Department will also establish an information and referral process to assist people in arranging home equity conversion mortgages to pay for long-term care services.
Appropriation: None.
Fiscal Note: Requested on January 30, 2004.
Effective Date: The bill contains an emergency clause and takes effect immediately.