Resident Trust

A Resident Trust Fund is available.

A resident is entitled to manage his or her own financial affairs.  There is no obligation for a resident to deposit funds with Sanilac Medical Care Facility.

These residents’ rights apply:

  1. The right to receive, retain and manage his or her personal funds, or to have this done by a legal guardian, if any.
  2. The right to apply to the Social Security Administration to have a representative payee designated for purposes of federal or state benefits to which he or she may be entitled.
  3. The right to designate, in writing, another person to act for the purpose of managing his or her personal funds.
  4. The right to authorize, in writing, the nursing home to hold, safeguard, and account for the resident’s personal funds in accordance with state law and the Nursing Home policy.
  5. The right to withdraw his or her own fund without stating purpose for the withdrawal.  Voucher may state “Resident declines to state”.

A Representative payee, unless authorized in writing by the resident or resident’s guardian, shall not function as the person designated to handle the personal property of the resident.

The Facility will notify each resident that receives Medicaid benefits:

  1. When the amount in the resident’s account reaches $1800.00, which is $200.00 less than the $2,000.00 resource limit to be eligible for Medicaid.
  2. That is the amount in the account, in addition to the value of the resident’s other nonexempt resources, reaches the SSI resource limit for one person, the resident may lose eligibility for Medicaid or SSI.

Summary of procedures for handling, accounting for and giving access to monies held in trust for residents are as follows:

  1. A receipt is issued in all instances for money received and held for a resident.
  2. Withdrawals from an account is by means of a voucher issued by the Business Office and authorized by the resident or resident’s representative.
  3. Individual detailed ledger cards are maintained.
  4. Funds are on deposit at Exchange State Bank, Sandusky, Michigan, in the Resident Trust Account.  Deposits are made weekly to account.  Account is reconciled monthly.
  5. Quarterly statements are sent to resident or resident’s representative.
  6. The Facility deposits the resident (s) funds in an interest bearing checking account (or accounts) that is separate from any of the Facility’s operating accounts and that credits all interest earned on the resident’s account to his or her account.
  7. Upon the death of a resident with a personal fund deposited with the Facility, the Facility will convey promptly the resident’s funds and final accounting of those funds, to the individual administering the resident’s estate.
  8. Records are kept in the Business Office safe.  Clerical work/Accounting is performed by Business Office personnel.
  9. Resident of his or her legal representative may review the individual resident’s Resident Trust Account by stating the request to Business Office personnel during regular business hours – 8:00 AM – 4:30 PM, Monday thru Friday.  Receipting of incoming money is also handled during these hours.
  10. Withdrawals:  Resident or resident’s representative may contact the Business Office (Monday thru Friday – 8:00 AM – 4:30 PM) to sign vouchers.  Withdrawals from resident interest bearing checking accounts may be processed through the Business Office between 8:00 AM and 4:30 PM, Monday thru Friday.
  11. Information regarding Trust Fund Services may be obtained from the Designated Social Worker or the Business Office.
  12. Upon request, or upon transfer/discharge of the resident, the Facility shall promptly return all of the resident’s funds to the resident, legal guardian, or designated representative.

 

Contact Resident Trust

Mary Guilds
(810) 648 – 3017

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