Form 4400-080 Irrevocable Letter of Credit for Long-Term Care - Wisconsin

What Is Form 4400-080?

This is a legal form that was released by the Wisconsin Department of Natural Resources - a government authority operating within Wisconsin. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 4400-080?A: Form 4400-080 is the Irrevocable Letter of Credit for Long-Term Care in Wisconsin.

Q: What is an Irrevocable Letter of Credit?A: An Irrevocable Letter of Credit is a document issued by a bank that guarantees payment to a beneficiary.

Q: What is Long-Term Care?A: Long-Term Care refers to a variety of services and support provided to individuals who have chronic illnesses or disabilities and need help with daily activities.

Q: Why is an Irrevocable Letter of Credit needed for Long-Term Care in Wisconsin?A: An Irrevocable Letter of Credit is required by the Wisconsin Department of Health Services as a form of financial security for long-term care providers.

Q: Who is responsible for obtaining Form 4400-080?A: Long-term care providers in Wisconsin are responsible for obtaining Form 4400-080.

Q: What information is required on Form 4400-080?A: Form 4400-080 requires information such as the name of the issuing bank, the beneficiary's name, the expiration date of the letter of credit, and the amount of coverage.

Q: Is Form 4400-080 specific to Wisconsin?A: Yes, Form 4400-080 is specific to long-term care providers in Wisconsin.

Q: What happens if an Irrevocable Letter of Credit is not provided?A: Failure to provide an Irrevocable Letter of Credit may result in the suspension or termination of a long-term care provider's license in Wisconsin.

Q: Can the Irrevocable Letter of Credit be cancelled?A: No, an Irrevocable Letter of Credit cannot be cancelled or revoked without the consent of the beneficiary.