Patient trust account

Official source

An individual can establish a patient trust account in a nursing facility, if the individual is not capable of handling personal funds or has requested in writing that one be established.

The Nursing Facility is required to: Maintain an interest bearing account for balances above $49.99 Keep a ledger of the trust account balance of each individual Notify the HCS/CSO FSS when the trust account is close to the resource standard

If the individual leaves a medical facility, the facility returns these funds to the individual. If the individual dies, the facility sends these funds to the Office of Financial Recovery. If the individual leaves and his/her whereabouts are unknown, the facility sends these funds to the Department of Revenue.

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Patient trust account

Official source

An individual can establish a patient trust account in a nursing facility, if the individual is not capable of handling personal funds or has requested in writing that one be established.

The Nursing Facility is required to: Maintain an interest bearing account for balances above $49.99 Keep a ledger of the trust account balance of each individual Notify the HCS/CSO FSS when the trust account is close to the resource standard

If the individual leaves a medical facility, the facility returns these funds to the individual. If the individual dies, the facility sends these funds to the Office of Financial Recovery. If the individual leaves and his/her whereabouts are unknown, the facility sends these funds to the Department of Revenue.