Industry leaders, including nursing home executives, believe margins will increase between 1% and 5% in the next six months, thanks to an easing pandemic and occupancy recovery. Only 5% of long-term care leaders expect their margins to decrease during that time, according to the latest National Investment Center for Seniors Housing & Care (NIC) executive […]
Federal Trade Commission
The federal government on Thursday addressed anecdotal reports that nursing homes have seized stimulus checks that residents received as part of the CARES Act coronavirus relief package, warning operators that such actions are illegal. “This practice is prohibited, and nursing homes that seize these payments from residents could be subject to federal enforcement actions, including […]
The Federal Trade Commission late last week warned operators of nursing homes and other long-term care facilities that residents’ stimulus checks cannot be counted as resources for Medicaid purposes. Citing the text of the CARES Act, the FTC affirmed that the one-time stimulus payments of up to $1,200 count as tax credits and not “resources” […]
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