10 questions to answer when reading a residents agreement
Before you move in, you or your older relative and the provider must sign the Resident Agreement, a contract that lists the services that will be provided, the fees and the responsibilities of each party. Request a copy of the Resident Agreement ahead of time so that you can review it at home. Ask an elder law attorney to review the document as well. Resident Agreements differ for each provider. While providers are not required to get these contracts approved by the state, regulations are listing key elements that must be included.
Some questions to consider when reading a residents agreement:
- What is the amount of the monthly fee?
- What services are provided for the monthly fee?
- What entrance fees (if any) are required?
- What are the extra fees and what do they cover?
- What is the policy on refunds (in case of transfer, discharge, etc.)
- When fees increase, how much notice does the resident receive and how is the information communicated?
- What are the billing arrangements?
- Who is responsible for payment?
- What are the costs for renting or purchasing necessary medical equipment or supplies?
- What happens if the resident's funds run out? Is there a charge to hold the bed if the resident is hospitalized? How long will the bed be held?
These are some questions to consider when reading the agreement yourself. Consultation with an elder law attorney will help provide more reassurance and clarity.
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