February 2, 2026
On Wednesday January 28th, the House Health Care and Wellness Committee passed on to the full House an amended bill, HB 2384-S, requiring actuarial reporting for some CCRCs to be reviewed by the Office of the Insurance Commissioner (OIC).
The bill also creates a link to the Department of Social and Health Services (DSHS) website where registered CCRCs are listed. The list will allow residents and prospective residents to access the OIC’s report on a CCRC’s actuarial balance.
The bill was sponsored by Representatives Macri, Reed, Street, Thomas, Ormsby, Scott, Goodman, Hill, Thai, and Bernbaum.
This win is bitter-sweet as the new actuarial requirement will not apply to every CCRC. WACCRA fought to have all CCRCs that provide any extended health care services on any type of discounted basis – whether a set number of days or a discounted rate – to be subject to this new requirement. We did not prevail. The bill only calls for CCRCs that offer contracts that are considered “type A” to be subject to OIC review.
HB 2384-S represents an incremental improvement in financial transparency and potentially acknowledges in law the relevance and importance of actuarial analysis and state oversight. We have asked the committee to continue to work with the stakeholders – WACCRA, LeadingAge of Washington, CCRC management – to identify a mechanism to ensure all CCRCs receive financial reporting oversight during the coming months. Our goal is to bring financial oversight to all CCRCs in Washington.
Next steps are for the bill to be heard by the Appropriations Committee. It will be heard on Thursday February 5th at 10:30.