S 478
An Act relative to disclosing continuing care retirement community entrance fees
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Bill overview
This bill requires continuing care retirement communities (CCRCs) in Massachusetts to clearly disclose their entrance fees to prospective residents. The disclosure must include a detailed breakdown of the fees, including any assessments or other charges. The goal is to increase transparency and help seniors make informed decisions about their long-term care options.
Key provisions
- CCRCs must provide a written disclosure of entrance fees.
- The disclosure must detail all fees associated with entry.
- The disclosure must include information about assessments and other charges.
- The disclosure must be provided to prospective residents before they sign a contract.
- The disclosure must be updated regularly to reflect any changes in fees.
Who is affected
- Continuing Care Retirement Communities (CCRCs)
- Senior Citizens
- Families of Senior Citizens
- Financial Advisors
- Massachusetts Residents
Notable changes
- Requires standardized disclosure of CCRC entrance fees.
- Addresses potential lack of transparency in CCRC contracts.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Joan B. Lovely
Cosponsors
Brendan P. Crighton
Bruce E. Tarr
Christine P. Barber
Danillo A. Sena
Arguments in favor
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Bill S.478 194th (Current)
An Act relative to disclosing continuing care retirement community entrance fees
By Ms. Lovely, a petition (accompanied by bill, Senate, No. 478) of Joan B. Lovely, Jason M. Lewis, Brendan P. Crighton, Natalie M. Higgins and other members of the General Court for legislation relative to disclosing continuing care retirement community entrance fees. Elder Affairs.
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Bill Information
Bill Information
Presenter: Joan B. Lovely Status: Referred to Senate Committee on Ways and Means
Tabs
Bill History Petitioners Committee Vote Primary Sponsor Summary
Bill History
Displaying 6 actions for Bill S.478
| Date | Branch | Action |
| 2/27/2025 | Senate | Referred to the committee on Elder Affairs |
| 2/27/2025 | House | House concurred |
| 4/29/2025 | Joint | Hearing scheduled for 05/12/2025 from 10:00 AM-01:00 PM in A-1 |
| 6/27/2025 | Joint | Referred, pursuant to an order adopted by the two branches, to the committee on Aging and Independence |
| 1/15/2026 | Senate | Reporting date extended to Tuesday March 10, 2026 |
| 4/1/2026 | Senate | Bill reported favorably by committee as changed and referred to the committee on Senate Ways and Means |
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