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Current as of January 01, 2024 | Updated by FindLaw Staff
Life care contract means a contract between a continuing care retirement community and a resident of such community or his or her legal representative which:
(1) Includes each of the following express promises:
(a) The community agrees to provide services at any level along the continuum of care levels offered by the community;
(b) The base room fee will not increase as a resident transitions among levels of care, excluding any services or items upon which both parties initially agreed; and
(c) If the resident outlives and exhausts resources to pay for services, the community will continue to provide services at a reduced price or free of charge to the resident, excluding any payments from medicare, the medical assistance program, or a private insurance policy for which the resident is eligible and the community is certified or otherwise qualified to receive; and
(2) Requires the resident to agree to pay an entry fee to the community and to remain in the community for a minimum length of time subject to penalties against the entry fee.
Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 68. Public Assistance § 68-1908. Life care contract, defined - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-68-public-assistance/ne-rev-st-sect-68-1908/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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