Pa. Code 5320.63

Resident funds

This regulation requires Long-Term Structured Residence (LTSR) providers to establish written policies and procedures governing resident funds, including cost and liability arrangements, financial training for residents, individual financial recordkeeping, written receipts and quarterly statements, assistance with interest-bearing accounts when cash assets exceed $200, and proper transfer of funds upon death or termination of services. Operators must obtain written acknowledgments from residents for fund receipts and maintain documented accounting available to residents on request.

55 Pa. Code § 5320.63 - Resident funds 

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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

55

 Pa. Code §
 
5320.63

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