Personal Funds. The Resident has a right to manage his or her own personal funds. If the Resident wants assistance with management of personal funds, and requests so in writing through a Resident Trust Fund Authorization form, the Home will hold, safeguard, manage, and account for these funds. A Resident Trust Fund Authorization form can be acquired from the Home. Resident personal funds deposited with the Home shall be handled as follows: • The Home shall have a system that ensures a complete and separate accounting, based on generally accepted accounting principles, of the personal funds deposited with the Home by each Resident or on his or her behalf. This system shall also ensure that the Resident’s funds are not commingled with the Home’s funds or with any other funds besides those of other residents. In addition to the required quarterly accounting, the Home shall provide individual financial records at the written request of the Resident. • The personal fund balance of a Resident receiving Medicaid benefits must remain within a certain dollar range for the Resident to continue to receive benefits. The Home shall notify a Medicaid Resident if his or her account balance is within two hundred dollars ($200.00) of the federal Supplemental Security Income (hereafter “SSI”) limit. The Home shall also notify the Resident if the account balance, in addition to the Resident’s known non-exempt assets, reaches the SSI resource limit. Furthermore, the Home shall notify the Resident if the account balance, in addition to the Resident’s known non-exempt assets, reaches the resource limits for Medicaid eligibility. A balance in excess of this limit may cause the Resident to lose eligibility for Medicaid or SSI. • Upon the discharge, eviction or death of a Resident who has personal funds deposited with the Home, the Home shall refund the Resident’s personal account balance within thirty (30) days, and provide a full accounting of these funds to the individual, probate jurisdiction administering the Resident’s estate, or other entity as required by state law or regulation. However, any outstanding balance owed to the Home for the Resident’s care and services shall first be deducted from the Resident’s personal account as permitted by law. • The Home shall ensure the security of all resident personal funds deposited with the Home, and shall not take money from a Medicare and/or Medicaid Resident’s personal funds for any item or service for which payment is covered by Medicare and/or...
Personal Funds. ✓ Personal funds are distributed twice (2) monthly, three (3) times monthly or weekly. This is determined when your initial budget is planned and can only be changed after 6 months. If you receive a personal funds check twice a month, you pick up a check at the beginning of the month and in the middle of the month. If you receive a personal funds check three times a month, you pick up a check on specified dates during the month. If you receive a check weekly, you will pick up your check every Wednesday. The amount of your personal check is set after your budget is in place and is determined by your need and/or the amount of funds available. ✓ You may request a monthly print-out of your account. ✓ We cannot repay personal loans. If you borrow money from a friend or relative, you must repay that from your personal spending check. ✓ AIM will not approve the purchase of firearms or weapons of any kind. ✓ All check pick-ups and business matters that need to be handled IN OFFICE must be done before 2:00 p.m. If another person is designated to pick up for you, a form must be signed IN PERSON by yourself and the person BEFORE this can happen; and the person designated must have current picture identification.
Personal Funds. Use accounts of the Business to record personal or non-business funds, expenses or transactions, or fund personal expenses through the operations of the Business.
Personal Funds. The Client affirms that the total sum due from the products, goods and services purchased from PMind Ltd, derive entirely from personal funds acquired solely and exclusively through legal activities;
Personal Funds. The Home assumes no responsibility for the personal funds of any Resident unless the Home has been made Rep Payee for the Resident. In such cases, the Home will keep itemized records of the Resident’s funds. The Home assumes no responsibility of personal funds that the Resident chooses to keep in his room.
Personal Funds. If you wish, ERCC will manage your personal funds. Funds of less than $50.00 ($100.00 for Medicare SNF residents) will be maintained in a non- interest bearing account, an interest bearing account or a xxxxx cash fund. Funds in excess of $50.00 ($100.00 for Medicare SNF residents) will be deposited in an interest bearing account. All interest earned by your account will be credited to your account. ERCC will maintain a separate accounting of each resident’s personal funds and you will be provided with a quarterly or final statement which will be made available to you on request.
1. You may withdraw funds from your personal account by contacting the Business Office or Switchboard.
2. Funds may be withdrawn during the following times: Days/Evenings: Switchboard Off Hours: Charge Nurse If you plan to withdraw an amount greater than $50.00 at one time, ERCC would appreciate notification of at least one banking day before the funds will be needed. If you wish to withdraw money and do not plan to spend the funds immediately, ERCC, at your request, will assist you in safeguarding the funds until they are needed. If you are receiving Medicaid assistance, you will be notified when your account is within $200.00 of the asset limit determined by the DHHR or of other financial circumstances that may jeopardize SSI or Medicaid funding. If you choose to delegate the facility the responsibility to manage your personal spending money, ERCC will do so with no cost to you. You will be given a written accounting of any transactions made on your behalf. This report is issued on a quarterly basis, however, this information is available to you upon request at any time. I do wish for ERCC to handle my funds. I authorize ERCC to receive and disburse money entrusted to ERCC Patient Trustee Account on my behalf. I request the account to be held in the names of: The above named individuals may assist in the management (i.e. approval and review) of items, balance of account, and quarterly statements for items and services I personally need. I do not wish for ERCC to handle my funds.
Personal Funds
