CONTINUING CARE RETIREMENT COMMUNITIES (CCRC) (AAM)

CONTINUING CARE RETIREMENT COMMUNITIES (CCRC) (AAM)

SR 08-17 Dated 02/06 Previous Policy

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Entrance fees for CCRC are a counted resource for determining eligibility for all categories of medical assistance if the:

• entrance fee may be used to pay for care should other resources or income be insufficient to pay for such care;

• individual is entitled to a refund of any remainder entrance fee when the individual dies or terminates the CCRC or life care community contract and leaves the community; or

• entrance fee does not confer an ownership interest in the CCRC or lifecare community.