Hi there,
My dad is in an assisted living facility that recently changed ownership, they are now requesting a form be filled out disclosing his earnings and where they come from as well as his assets and what they are worth, this is because they are now a not for profit facility, anyone have any experience with this ??? I was very surprised by this request and the explanation they gave was weak at best also would anyone know if this means if paperwork that was signed for the original facility is now void? I will be finding this info out from them but just wondered if anyone has had this happen
thank you
If the previous owners sold out to the not-for-profit, and if your dad was discharged because he was gone for several days in the hospital, then your previous contract probably is over with, and the new owners are following their normal procedure for a new admission, which includes making sure there will be a source of payment.
Unless you can afford to be held personally responsible for his care, DO NOT sign as a guarantor of payment. If you are his POA, then sign as his POA, making only his income and assets available to pay for his care.
They probably just want to make sure that he has income and assets to cover his care for a while, and they want to make sure that a Medicaid application gets submitted on a timely basis if he will run out of funds.
There is a current question on this very topic on this forum. A lady is running out of money to pay for her current private placement, and no acceptable Medicaid placement is available. Your dad's home is wise to look ahead.
This request for asset disclosure is likely a glorified information grab as I was told now that they are "not for profit" they can no longer "kick someone out" for running out of money, so they are covering there asses, by checking assets.
I am waiting to receive the papers , I was told about them but have not received them yet, (I live 1200 miles away) .
My response is to not respond at all, delay, delay, until I am sure my cooperation is necessary and required. I no longer answer every question on "their" forms, and "they" do not notice or even care, or read the answers.
Of course I cooperate when needed. But I did not sign my agreement/approval to the oppressive Rules Regs of my community, as it did not matter, after a time, the rules, regs. are in effect anyhow, and they apply to all.
When it comes to financial disclosure forms, I never fill them out. But don't take my advice unless you object to following the crowd off the nearest cliff, imo.
My motto: "What can be done by paperwork, can be undone with more paperwork."
Disclaimer, disclaimer, disclaimer.
I haven't received these papers yet, they apparently put them in my dads room at the ALF, yet I have repeatedly told them he is NOT to be approached for anything financial , I handle everything.
However, I would expect a not for profit organisation to have entirely different financial reporting requirements and procedures to follow from a commercial one; and given all kinds of regulations that have cropped up in all kinds of surprising places in recent years, my first guess would be that this is about money laundering, and various wonks deciding to make blameless citizens whose only contact with money laundering has been to forget to take the change out of their jeans pocket disclose their sources so as to make it easier for our security agencies to Spot The Oligarch.
It is very tiresome. I have lost count of the number of forms I have filled in with my humiliatingly sparse financial history since about 1998 or so. But unless you can really be bothered I'm not sure it's worth your while to argue - I certainly can't see that there's any risk to your father involved, though you might want to ask a few questions about Data Protection.
I think VA A&A pays abt $1700. And he still gets whatever else income he has plus the A&A. VA now is similar to Medicaid in that they have to show to be within certain range of assets in order to get A&A. But unlike Medicaid, he does NOT need to be impoverished. He has to meet his he VA criteria for needing aid & attendance and has to be under the income / asset max for a widower.
I’m trying to look at this as a perhaps positive. Which is not my usual first reaction any ?s in dealing with billing and admissions at any facility.
Now if you end up sensing this place & new management is all about profitability...... I’d suggest you start finding out what VA facilities are around and get him onto waiting lists.
You give them a rough idea of what dad's assets are. We were required to do this before we signed mom into Independent Living, Assisted Living and Nursing Home. All three wanted to know that they were going to get paid.