ActionAging.com CCRC learning center

(NaCCRA)

CCRC Minimum Standards and Model Laws

The legislative and regulatory context for Continuing Care Retirement Communities has been varied and somewhat quixotic among the several states and the industry can benefit from a more systematic approach to contracts and financial management.

Residents almost universally extol the benefits that they glean from congregate living.  The CCRC living model is one to be fostered and encouraged. The portfolio of standards presented here seeks to reward the most responsible providers while giving residents the protections they deserve.

 Many of these standards and model laws are highly technical which is why insurance laws are crafted within the National Association of Insurance Commissioners (NAIC) for enactment by the state legislatures and, eventually, this initiative, too, may be shifted to the NAIC.  But the need for a comprehensive and systematic approach to CCRC contract and financial standards is now and need not be deferred.

We are here exposing for review a comprehensive (and correspondingly complex) approach to developing standards and model laws to govern CCRCs to build greater public trust for the concept.  We have opened a discussion forum to facilitate discussion.  Just click on this paragraph to go to the discussion forum.

By exposing these Model Laws for public scrutiny NaCCRA seeks to open a dialogue that can:

systematize the contractual and regulatory framework for CCRCs;

reward those providers that are exemplary in their service to senior housing and services;

give residents the protections that many assumed they had when they moved in;

assure prospective residents that the CCRC living model is one that they can trust; and

can help providers who conform to these standards give prospective residents assurance that they can proceed to invest in a Continuing Care Contract without inordinate qualms.

Click here for more elaboration on the nature of the CCRC Standards and Model Laws Project.

You can access the model laws and standards by clicking here to go to a catalog of the proposals or by clicking on the individual paragraphs to the right to go to those standards and laws that are related to a particular standards element.

Note: Some of the content will ask you to enable blocked content.  This is a Microsoft requirement and no harm will result from enabling the content.  In the narrow bar that will appear near the top of your screen just click to enable the content.

 

 

 

 

 

 

 

 

 

 

 

 

 

NaCCRA Web Site

http://www.naccra.com

Standards to enhance CCRC credibility.  Click on each standards element below to move to the elaboration:

Develop understandable, clear and unambiguous plain language contracts which are regulated to fairly balance the interests of residents with those of the business entities that offer the contracts.

Implement financial practices that clearly match consideration required from residents to the benefits that the residents are promised.

Enable residents to provide responsibly for their own expected costs of aging without becoming a burden on others or wards of the state.

Adopt financial practices that maintain equity among and between like situated cohorts of residents without unjustified discrimination.

Operate with governance practices that balance residents’ interests with the career interests of the executives who manage senior housing and senior services entities.

Desirable Federal Enabling Measures

Trusted Providers Authorization

Federal End of Life Proposal

Understanding, Not Advocacy

 

The aim is to let residents, and others who are interested, learn.  The hope is to try to present all points of view and all alternative understandings so that residents can think for themselves and make up their own minds according to their own personal values.

As such we do not advocate policies but instead seek to illuminate all sides of issues and all alternatives so that informed people can make better choices.