Tuesday, March 12, 2013
The University of the Pacific McGeorge School of Law will sponsor a 6-hour MCLE with support from the California Continuing Care Residents Association (CALCRA) entitled, Legal Rights & Responsibilities in California Continuing Care Retirement Communities on March 21, 2013 from 9:30 am to 4:30 pm. Provided below is a description of the event:
Continuing Care Retirement Communities (CCRCs) are an important component of the national senior living market, with a history in California spanning more than three decades. CCRCs are vibrant settings for older adults, making it possible to integrate active aging with care needs. Residents often report that they only wish they had chosen CCRC living earlier in life to maximize the benefit of this option. At the same time, CCRCs have experienced challenges, both in terms of financing and governance, which have abated but not disappeared following the 2008-2010 recession. This program provides a timely opportunity to discuss the challenges and to examine California regulations and laws that affect CCRCs with a special focus on the rights and responsibilities of residents.
This program includes presentations by multiple stakeholders, including residents, providers, regulators, legislators, and financing experts. Issues include how to handle “entrance fee” models, whether residents can and should have voting rights on governing boards, and how to address rising costs, particularly among affiliated communities, whether the organizations are for-profit or not-for-profit. Speakers will present the history of regulation in California and discuss issues on the table for the near future.