CCRC Statutes and Regulation
The Department of Aging regulates CCRCs in Maryland.
Title 32 Maryland Department of Aging Subtitle 02, Provider Regulations 01
Division Chief of Continuing Care
Lori Webb Chief of the Continuing Care Division. Lori is an attorney and brings to the Department extensive experience in a wide range of land development and real estate-related matters. Her practice concentration has included involvement in the acquisition, zoning, planning and development of some of Maryland’s most complex residential, commercial, mixed-use and industrial development matters. She also has significant experience in the drafting and approval of state and local legislation, ordinances and regulations. Please contact Lori regarding any CCRC related materials or communications at 410-767-1067 or email@example.com.
The Operating Reserve requirement moves to 25% in 2023. The regulation is found in the Maryland Code, Human Services §10-420 (b)( ii)
Operating reserves–Amount and form(b)(1) Except as otherwise provided in this part, a provider shall set aside for each facility subject to this subtitle operating reserves that:(i) before January 1, 2023, equal 15% of the facility’s net operating expenses for the most recent fiscal year for which a certified financial statement is available; and(ii) beginning January 1, 2023, equal 25% of the facility’s net operating expenses for the most recent fiscal year for which a certified financial statement is available.
Lori Webb, Division Chief, Continuing Care, Department of Aging sent out a letter January 2019 titled Procedural Guidance for 2019 Renewal Applications detailing the requirements for facilities with a fiscal year ending December 31, 2018.
The Maryland Department of Aging application for renewal certificate includes a question on “the steps being taken to meet the 25% operating reserve requirement beginning 1/1/2023.