Illinois HB2429 regulates long-term care contracts to prevent rate increases before residency period ends.
HB2429 amends Illinois laws to ensure long-term care contracts do not allow rate increases for room and board before the residency period ends. If a rate increase is proposed that exceeds the consumer price index, the facility must justify it. Contracts must be clear, in 12-point type, and specify terms, services, charges, and rights. Residents can terminate contracts with 30 days' notice, except in cases of death or health changes, then with 7 days' notice. The bill also prohibits facilities from retaining resident deposits while accepting Medicaid payments.
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