Michigan Nursing Home Administrator (NHA) Practice Exam

What is the maximum amount of money a home will not handle for any patient, according to patient trust rules?

1. $1,000.00

2. $2,500.00

3. $5,000.00

4. $10,000.00

The correct answer is: $5,000.00

The maximum amount of money that a nursing home is permitted to manage on behalf of a patient, according to patient trust rules, is set at $5,000. This regulation is in place to protect patients and ensure that their funds are managed appropriately while also safeguarding against potential mismanagement or misuse of their finances. By establishing this limit, the rules help to maintain oversight and allow residents to retain some financial independence. When the amount exceeds this threshold, the nursing home is generally required to take additional steps for management, which may include the establishment of a more formal trust account or the involvement of external financial accountability. This figure is significant in the context of long-term care, as it reflects an effort to balance the need for residents to have access to their personal funds while ensuring that the facility can adequately account for and manage those funds in compliance with regulatory standards. This kind of regulation is vital for maintaining ethical practices within nursing homes and protecting the financial interests of the residents.