SB 5796 - DIGEST |
Provides independent residents of continuing care retirement communities (CCRCs) access to the office of the state long-term care ombuds through a pilot project. |
Requires an applicant for a registration as a CCRC to submit the following to the department of social and health services: (1) Service or care agreements used for nonindependent residents that the CCRC intends to use for the certification period; and |
(2) A copy of the most recent actuarial report. |
Requires a CCRC to prepare a disclosure statement that includes: (1) Whether, and in what manner, funds have been set aside for reserves or other contingent liabilities reflected in the financial statements; |
(2) Management fees or other compensation paid by the CCRC to a management company or related party, that controls the CCRC during the CCRC's two preceding fiscal years; and |
(3) An actuarial summary of the CCRC's most recent actuarial report. |
Requires a CCRC to notify independent residents that audited financial statements and actuarial evaluations are available to the residents within thirty days after they are delivered to the chief financial officer. |
Requires the department of commerce and a private nonprofit organization to enter into a separate contract for additional services which will enable the ombuds to provide services to the residents of CCRCs through a pilot project in a county that has a suitable concentration of CCRCs. |
Requires the ombuds to create a pilot project advisory committee to provide feedback and input about the pilot program. |