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Bill > H746


MA H746

MA H746
Relative to disclosing continuing care retirement community entrance fees


summary

Introduced
03/29/2021
In Committee
05/02/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to contracts for continuing care retirement communities. Elder Affairs.

AI Summary

This bill requires continuing care retirement community providers to give prospective residents a separate document that clearly states the amount of the entrance fee that will be refunded to the resident upon leaving the facility or passing away, as well as the terms, conditions, and explanation of the refund process. This disclosure must be signed by the resident prior to paying the full entrance fee. This requirement does not apply to fees paid to get on a waiting list for a continuing care retirement community.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (4)

Last Action

No further action taken (on 01/03/2023)

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