Nursing Homes Can’t Take Stimulus Check, Even if You’re on Medicaid

Nursing Homes Can’t Take Stimulus Check, Even if You’re on Medicaid




People who live in nursing homes or assisted living equipment get to keep their coronavirus stimulus checks, even if they’re on Medicaid.

Here’s all of our coverage of the coronavirus outbreak, which we will be updating every day.

But some facilities are telling inhabitants on Medicaid that they have to turn over their stimulus fund, according to the Federal Trade Commission.

Here’s why it’s a complete lie: The stimulus payments are charge approvals. Tax ascribes don’t affect eligibility for Medicaid and other benefit programs, and they aren’t counted as available resources that you have to use to pay for those benefits.

Medicaid clothes about 62% of rest home occupants, according to the Kaiser Family Foundation. And with most nursing equipment still closed off to the public nationwide due to COVID-1 9, it could be tougher to monitor your loved one’s business if they live in a nursing home.

4 Things Medicaid Recipients Need to Know About Their Stimulus Payments

If you’re receiving Medicaid, here are a few crucials to be informed about your stimulus check.

The coin is yours to expend however you demand. There are no restrictions on how you can spend the money, regardless of whether you live on your own or in a wet-nurse equipment. The payments do not count as income.

The payments don’t count as income for tax purposes, and they likewise don’t count as income for Medicaid regulates. That entails the stimulus pay doesn’t affect a nursing home resident’s monthly remittance, often referred to as the “patient pay amount” or “share of cost.” Here’s an example from the National Center on Law and Elder Rights:

“An unmarried citizen receives $1,050 monthly Social Security benefit and has $1,800 in savings. Each month she compensates the hold equipment $1,000 from her income, and maintains $50 for personal needs. After receiving the $1,200 stimulus pay in May 2020, her remittance obligation to the nursing facility does not change. She continues to pay $1,000 monthly.”

You have a year to waste down the money. Medicaid recipients generally can’t have more than $ 2,000 in their bank accounts. Additional money is considered a resource that you can contribute toward your attend. But the additional $1,200 won’t count against you for a full year.

Per the National Center on Law and Elder Rights: If you have $ 1,800 in a savings account and you get a stimulus check in May 2020 that boosts your savings to $3,000, “youve had” until May 2021 to spend your savings back below $2,000.

You’ll receive the money in the same way you receive other benefits. Your stimulus check will be managed automatically and to be presented to you the same way you receive Social security systems, SSI or other benefits. The vast majority of Social security systems recipients receive their fees via direct deposit, so they’ll get their stimulus checks via direct sediment as well.

The first stimulus payments to Social Security recipients were offset the week of April 29, while pays for SSI recipients began on May 13.




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What to Do if a Nursing Facility Is Claiming a Stimulus Payment

You should contact both the FTC and your state attorney general office if a harbour facility has claimed a stimulus check that belongs to you or a loved one.

But if you’re worried that this could happen, show the equipment personnel the FTC release and the materials associated, and give them know that you’re aware that they can’t make stimulus fees. This is a situation where showing that you know your titles will pay off.

Robin Hartill is a guaranteed financial planner and a senior editor at The Penny Hoarder. She writes the Dear Penny personal commerce admonition article. Send your difficult coin questions to DearPenny @thepennyhoarder. com.

This was originally published on The Penny Hoarder, which facilitates millions of readers worldwide deserve and save money by sharing distinct job opportunities, personal floors, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

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