Michigan Nursing Home Administrator (NHA) Practice Exam

What is the maximum amount a nursing home can hold of a patient's money in a non-interest-bearing account?

1. $100.00

2. $150.00

3. $200.00

4. $250.00

The correct answer is: $200.00

The maximum amount a nursing home can hold of a patient’s money in a non-interest-bearing account is established by regulations to protect residents' funds and ensure they have access to their own money for personal expenses. The correct amount is $200. This limit is designed to balance the nursing home’s need to manage resident funds while also safeguarding the residents' rights to have a reasonable amount of personal funds available to them. Holding an excessive amount in a non-interest-bearing account might restrict residents' access to necessary funds for personal purchases or activities they may want to engage in. Additionally, it promotes financial responsibility and accountability in the management of these funds, ensuring operators do not inadvertently keep larger sums which could lead to potential misuse or complications in accessing funds. Understanding these guidelines is essential for nursing home administrators to ensure compliance with state regulations and to foster an environment that respects residents' financial autonomy.