Rule 23-103-4.7 - Patient AccountsA. A nursing home patient account is a financial account set up by the nursing home for the convenience of the patient.B. These accounts are similar to a checking and/or savings account. The facility holds funds belonging to the patient for the patient's use.C. For Medicaid purposes, a patient account is treated in the same manner as a checking or savings account.23 Miss. Code. R. 103-4.7
Social Security Act §1902 (r) (2); 42 CFR §435.601(b) (Rev 1994).