Virginia Administrative Code
Title 12 - HEALTH
Agency 30 - DEPARTMENT OF MEDICAL ASSISTANCE SERVICES
Chapter 40 - ELIGIBILITY CONDITIONS AND REQUIREMENTS
Part V - State Supplementary Payments
Section 12VAC30-40-360 - Treatment of entrance fees of individuals residing in continuing care retirement communities
Current through Register Vol. 41, No. 3, September 23, 2024
When determining eligibility for medical assistance, an individual's entrance fee in a continuing care retirement community or life care community that collects an entrance fee on admission from such individuals shall be considered a resource available to the individual to the extent that:
1. The individual has the ability to use the entrance fee, or the contract provides that the entrance fee may be used, to pay for care should other resources or income of the individual be insufficient to pay for such care;
2. The individual is eligible for a refund of any remaining entrance fee when the individual dies or terminates the continuing care retirement community or life care community contract and leaves the community; and
3. The entrance fee does not confer an ownership interest in the continuing care retirement community or life care community.
Statutory Authority
§§ 32.1-324 and 32.1-325 of the Code of Virginia.
