Maryland HB215 mandates annual financial stress tests for continuing care providers and requires transparency in governing body meetings.

Maryland HB215 introduces financial stress tests for continuing care providers, examining factors like community occupancy rates and liquidity. The Department of Aging will assign a financial stability grade based on these tests. The bill also mandates that providers meet with resident associations at least quarterly, with agendas and minutes made available to subscribers. If a provider lacks a governing body, a select committee must meet with the resident association. The act takes effect October 1, 2026.

Maryland HB215 mandates annual financial stress tests for continuing care providers and requires transparency in governing body meetings.

Maryland HB215 introduces financial stress tests for continuing care providers, examining factors like community occupancy rates and liquidity. The Department of Aging will assign a financial stability grade based on these tests. The bill also mandates that providers meet with resident associations at least quarterly, with agendas and minutes made available to subscribers. If a provider lacks a governing body, a select committee must meet with the resident association. The act takes effect October 1, 2026.