Federal Nursing Home Administrator Practice Exam

Which requirement must be met regarding residents' accounts (trust fund)?

1. An online accessibility for family members

2. Separate accounting and an interest-bearing option for amounts over $50

3. A joint account with the facility's operating funds

4. Monthly statements provided electronically

The correct answer is: Separate accounting and an interest-bearing option for amounts over $50

The correct choice emphasizes the necessity for separate accounting of residents' funds when they are held in a trust fund by the facility. This requirement is crucial for ensuring that residents' personal funds are safeguarded and not intermingled with the operating funds of the facility. By requiring a separate accounting system, it helps prevent any potential misuse or mismanagement of residents' money. Additionally, having an interest-bearing option for amounts over $50 ensures that residents' funds grow over time, offering them financial benefits. This is particularly important in fostering transparency and trust between the residents and the nursing home, as residents may rely on these funds to cover personal expenses, treatments, or amenities while residing in the facility. The other options do not align with the key requirements for managing residents' trust accounts. Online accessibility for family members (the first option) may be beneficial but is not a mandated requirement within regulatory frameworks. A joint account with the facility's operating funds (the third option) stands in contrast to the doctrine of separate accounting, as it could lead to issues of accountability and financial integrity. Monthly electronic statements (the fourth option) may enhance communication, but they are not specified as a necessity within the regulatory context governing residents' accounts.