WashingtonState reviews whether care communities can meet life care promises
Starting July 1, 2027, communities offering life care contracts must submit analyses for some renewals, and state offices will review them.
What it does
Communities offering life care contracts must submit an actuarial analysis with every other renewal application, starting with the second renewal.
The insurance commissioner's office reviews analyses to assess whether communities can meet life care promises under reasonably likely, unfavorable conditions.
The department must list registered communities online and link to actuarial review results it receives.
Argument forPublic links to review results could help residents compare communities’ ability to meet life care promises under unfavorable conditions.
Argument againstCommunities offering life care contracts may face extra paperwork and review fees, which could add pressure to their operating budgets.
More detail
Communities offering life care contracts must submit an actuarial analysis with certain registration renewal applications. This applies to communities that offer life care contracts. A qualified actuary must prepare the analysis, which must include a memorandum and certification. The department may stagger the first renewal requirements. The requirement starts July 1, 2027, and applies to every other renewal application beginning with the second.
The insurance commissioner's office reviews submitted actuarial analyses and gives the results to the Department of Social and Health Services. The review covers analyses submitted by communities that offer life care contracts. The review checks whether a community can meet its life care contract promises under unfavorable, but not extreme, conditions that are reasonably likely during the testing period. If the office finds the balance unsatisfactory, it must give the applicant reasons and notice of appeal rights. The review process takes effect July 1, 2027.
The Department of Social and Health Services must keep a public online list of registered communities and link to actuarial review results it receives. The list covers continuing care communities registered with the department. The department's registration work does not certify or license a community or its parts. Actuarial materials provided to the insurance commissioner are confidential and not open to public disclosure. The listing requirement takes effect July 1, 2027.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 23Effective date 6/11/2026*.Latest
- Mar 23Chapter 140, 2026 Laws.Major
- Mar 23Governor Bob Ferguson signed.Became Law
- Mar 12Delivered to Governor.To Governor
- Mar 12President signed.Major
- Mar 11Speaker signed.Passed Senate
- Mar 9Passed final passage; yeas, 78; nays, 17; absent, 0; excused, 3.Passed House
- Vote recorded Final Passage as Amended by the Senate (#14). Result: pass.Lower
- Mar 9House concurred in Senate amendments.
- Mar 3Third reading, passed; yeas, 37; nays, 12; absent, 0; excused, 0.Minor
- Vote recorded 3rd Reading & Final Passage as Amended by the Senate (#33). Result: pass.Upper
- Mar 3Rules suspended. Placed on Third Reading.Minor
- Mar 3Floor amendment(s) adopted.
- Mar 3Committee amendment not adopted.Minor
- Feb 27Placed on second reading by Rules Committee.Minor
- Feb 25Passed to Rules Committee for second reading.
- Feb 24Minority; without recommendation.Minor
- Feb 24Minority; do not pass.Minor
- Feb 24HLTC - Majority; do pass with amendment(s).Minor
- Feb 24Executive action taken in the Senate Committee on Health & Long-Term Care at 10:30 AM.
- Feb 20Public hearing in the Senate Committee on Health & Long-Term Care at 8:00 AM.
- Feb 18First reading, referred to Health & Long-Term Care.Minor
- Feb 16Third reading, passed; yeas, 78; nays, 14; absent, 0; excused, 6.Minor
- Vote recorded 3rd Reading & Final Passage (#6). Result: pass.Lower
- Feb 16Rules suspended. Placed on Third Reading.Minor
- Feb 162nd substitute bill substituted (APP 26).Major
- Feb 14Rules Committee relieved of further consideration. Placed on second reading.Minor
- Feb 9Referred to Rules 2 Review.Minor
- Feb 7Minority; without recommendation.Minor
- Feb 7Minority; do not pass.Minor
- Feb 7APP - Majority; 2nd substitute bill be substituted, do pass.Major
- Feb 7Executive action taken in the House Committee on Appropriations at 9:00 AM.
- Feb 5Public hearing in the House Committee on Appropriations at 10:30 AM.
- Jan 30Referred to Appropriations.Minor
- Jan 28Minority; without recommendation.Minor
- Jan 28HCW - Majority; 1st substitute bill be substituted, do pass.Major
- Jan 28Executive action taken in the House Committee on Health Care & Wellness at 1:30 PM.
- Jan 23Public hearing in the House Committee on Health Care & Wellness at 8:00 AM.
- Jan 12First reading, referred to Health Care & Wellness.Minor
- Jan 9Prefiled for introduction.Introduced
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