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A. Accounts

Cash on Hand Bank Accounts Nursing Home Accounts Definition Funds not accounted for or deposited in any other resource.

Funds deposited and held by a financial institution. e.g., Checking, savings, online banks, credit union, (such as Ally, CHIME, Green Dot, NetSpend) ABLE (ENable), college savings (NEST 529), etc.

A special account for the residents personal funds. Verification Source Client declaration is acceptable. Bank Accounts will be verified electronically if available through the Asset Verification System (AVS).

The most recent monthly statement with ending monthly balance. Statement should include: • Client name. • Financial institution/bank name. • Date. • Account number (at least the last 3 digits), if applicable. • Account balance. • If needed, a conference call may be made to the financial institution to obtain the information.

Attestation is accepted unless there is questionable information that needs to be verified or the declared balance results in excess resources.

When required, the facility may provide verbal or paper verification to include: •Lowest daily balance; •Date of income deposit(s); and •Date facility payment was made.

When to Verify •At initial and renewal applications. •If client reports a change that affects eligibility. •At initial and renewal applications. •If client reports a change that affects eligibility.

•At initial and renewal applications. •If client reports a change that affects eligibility. Exemptions, Disregards and Comments N/A N/A N/A Questions to Consider N/A Do you have any shared accounts – If so with whom? •Do you have separate accounts for farming, self-employment, or student loans? •Do you have a debit card for the deposit of benefits? •Do you have a payee? • Why is there a different address on your statement? • Do you have any accounts with the facility that you reside in? • Is this account held at the nursing home or an outside financial institution? •Do you have any accounts in addition to your bank?