IL SB1197

Nursing homes must provide written statements to residents or their representatives at admission explaining spousal impoverishment rights and Medicaid asset and income disclosure requirements, with signed acknowledgment that non-compliance may result in denial of Medicaid eligibility.

Facilities must keep resident funds in separate accounts from facility funds, maintain surety bonds or other assurance against loss and theft, and deposit funds exceeding $100 in interest-bearing accounts with interest accruing to the resident.

Nursing homes must provide residents or their representatives with quarterly itemized statements of all financial transactions involving the resident's funds and allow access to complete written records of financial arrangements.

Funds deposited with facilities can only be withdrawn to return funds to the resident, pay allowances, or make payments authorized by the resident or authorized person; facilities must obtain witnessed written authorization before accepting resident funds for safekeeping.

Upon facility sale, the new owner must receive written verification by a public accountant of all resident monies and properties being transferred with signed receipt; if an incapable adult resident has no representative or family member, the facility must notify the State Guardian.