Bill > A09486

This bill amends provisions for the oversight of continuing care retirement communities (CCRCs), which are facilities that offer a range of housing, services, and healthcare to seniors. Key changes include shifting certain approval and oversight responsibilities from the Commissioner of Health to the Superintendent of Financial Services, particularly concerning financial feasibility, actuarial principles, and contract rates. The bill also clarifies the powers and duties of the Commissioner and the CCRC Council, streamlines the application process for CCRCs, and updates reporting requirements. It also addresses the offering of "continuing care at home" contracts, which allow residents to receive services at their own homes, by requiring approval from both the Commissioner and the Superintendent of Financial Services. The bill aims to enhance efficiency and effectiveness in regulating these communities by better coordinating oversight between state agencies.

Health and Social Services

https://www.nysenate.gov/legislation/bills/2025/A9486