Excluded Real Estate Contract

The principal balance of a real estate contract is excluded from resources of a participant in long-term care when the IDAHO ADMINISTRATIVE CODE IDAPA 16.03.05 – Eligibility for Aid to Department of Health and Welfare the Aged, Blind, & Disabled (AABD) Section 277 Page 24 Department determines it is in the Department’s best interest to exclude the contract. The determination by the Department of its best interest is final. (7-1-24) 277. FEES PAID TO A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) OR LIFE CARE COMMUNITY. An entrance fee to a CCRC or a life care community is a resource if the participant or applicant for long-term care has discretion to spend the fee or if the fee may be used to pay for care in a contingency. A CCRC or life care community is a type of long-term care facility that offers varying levels of care and in which a resident contracts with the facility to obtain care that is intended to endure for the remainder of the resident’s life in exchange for valuable consideration. (7-1-24)