For purposes of determining eligibility or benefits amount for a person described in par. (a) 3. or 4. who resides in a continuing care retirement community or a life care community, any entrance fee paid on admission to the community shall be considered a resource available to the person to the extent that all of the following apply: 1.
(1)#
The person has the ability to use the entrance fee, or the contract provides that the entrance fee may be used, to pay for care if the person’s other resources or income are insufficient to pay for the care.
(2)#
The person is eligible for a refund of any remaining entrance fee when the person dies or terminates the continuing care retirement community or life care community contract and leaves the community.
(3)#
The entrance fee does not confer an ownership interest in the continuing care retirement community or life care community.