55 Pa. Code § 5320.63 - Resident funds
The provider shall develop written policies and procedures addressing:
(1) Costs and
liabilities for service according to the Letter of Agreement between the LTSR
provider and the county administrator, described in §
5320.11 (relating to prerequisites
to licensure) and in the resident/provider contract described in §
5320.33 (relating to resident/
provider contract; information on resident rights).
(2) Training for residents who require
assistance in the management of their financial affairs.
(3) Maintenance of a separate and current
individual record of financial transactions made on behalf of the resident that
is available on request to the resident or the resident's designated person, if
any.
(4) Financial assistance by the
provider, which shall include:
(i) Written
receipts and quarterly statements of transactions, deposits and expenditures
made on behalf of residents as well as disbursement of funds. The provider
shall obtain written acknowldgement by the resident of the receipt of
funds.
(ii) Provisions for the
availability to the resident of documented accounting of deposits, receipts of
funds, dispersal of funds and the current balance.
(iii) Assistance with financial arrangements
if a resident's accumulated cash assets (after per diem care costs) exceeds
$200. The provider shall notify the resident and offer assistance in
establishing an interest-bearing account in the resident's name at a local
financial institution protected by the Federal Deposit Insurance Corporation,
or another appropriate arrangement indicated by the resident.
(iv) Transfer of the resident's funds and
possessions to the administrator or the executor of the resident's estate,
together with an itemized written account upon the death of a resident. A
signed receipt shall be obtained and retained by the provider.
(v) Providing the resident with an itemized
written account of funds upon termination of service. A balance remaining on
the resident's account with the provider shall be immediately returned to the
resident.
Notes
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