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CODE OF COLORADO REGULATIONS 10 CCR 2505-10 8.100 Medical Services Board

236 a. It shall be the responsibility of the Eligibility Site to explain to the resident the various options for handling the personal needs monies, as well as the resident's rights to such funds. The resident has the option to allow the Long Term Care institution to hold such funds in trust. b. It shall be the responsibility of the Eligibility Site to assure that the Long Term Care institution properly transfers or disposes of the resident's personal needs funds within 30 days of discharge from the Long Term Care institution, or transfer to another Long Term Care institution. c. The Eligibility Site shall notify the State Department if they become aware that a Long Term Care institution has retained personal needs funds more than 30 days after the death of a resident. 6. For rules regarding post eligibility treatment of income, see the section in this volume titled “Post Eligibility Treatment of Income” 8.125 PROVIDER SCREENING 8.125.1 DEFINITIONS. Managed Care Entity defined at 42 CFR § 455.101, means managed care organizations (MCOs, PIHPs, PAHPs, PCCMs, and HIOs. Ownership interest defined at 42 CFR § 455.101, means the possession of equity in the capital, the stock, or the profits of the disclosing entity. Person with an ownership or control interest defined at 42 CFR § 455.101, means a person or corporation that- (a) Has an ownership interest totaling 5 percent or more in a disclosing entity; (b) Has an indirect ownership interest equal to 5 percent or more in a disclosing entity; (c) Has a combination or direct and indirect ownership interests equal to 5 percent or more in a disclosing entity; (d) Owns an interest of 5 percent or more in any mortgage, deed of trust, note, or other obligation secured by the disclosing entity if that interest