Ohio Revised Code
Chapter 3721 | Nursing Homes; Residential Care Facilities
Section 3721.15 | Authorization to Handle Residents' Financial Affairs.

Effective: April 12, 2021
Latest Legislation: House Bill 444 - 133rd General Assembly
(A) Authorization from a resident or a sponsor with a power of attorney for a home to manage the resident's financial affairs shall be in writing and shall be attested to by a witness who is not connected in any manner whatsoever with the home or its administrator. The home shall maintain accounts pursuant to division (A)(27) of section 3721.13 of the Revised Code. Upon the resident's transfer, discharge, or death, the account shall be closed and a final accounting made. All remaining funds shall be returned to the resident or resident's sponsor, except in the case of death, when all remaining funds shall be transferred or used in accordance with section 5162.22 of the Revised Code.
(B) A home that manages a resident's financial affairs shall deposit the resident's funds in excess of one thousand dollars, and may deposit the resident's funds that are one thousand dollars or less, in an interest-bearing account separate from any of the home's operating accounts. Interest earned on the resident's funds shall be credited to the resident's account. A resident's funds that are one thousand dollars or less and have not been deposited in an interest-bearing account may be deposited in a noninterest-bearing account or petty cash fund.
(C) Each resident whose financial affairs are managed by a home shall be promptly notified by the home when the total of the amount of funds in the resident's accounts and the petty cash fund plus other nonexempt resources reaches two hundred dollars less than the maximum amount permitted a recipient of medicaid. The notice shall include an explanation of the potential effect on the resident's eligibility for medicaid if the amount in the resident's accounts and the petty cash fund, plus the value of other nonexempt resources, exceeds the maximum assets a medicaid recipient may retain.
(D) Except as otherwise provided in section 3.061 of the Revised Code, each home that manages the financial affairs of residents shall purchase a surety bond or otherwise provide assurance satisfactory to the director of health, or, in the case of a home that participates in the medicaid program, to the medicaid director, to assure the security of all residents' funds managed by the home.

Structure Ohio Revised Code

Ohio Revised Code

Title 37 | Health-Safety-Morals

Chapter 3721 | Nursing Homes; Residential Care Facilities

Section 3721.01 | Nursing Home and Residential Care Facility Definitions and Classifications.

Section 3721.011 | Skilled Nursing Care.

Section 3721.012 | Risk Agreement.

Section 3721.02 | Procedures for Inspecting and Licensing Homes - Fees.

Section 3721.021 | Review of Documents by Prospective Residents and Associated Persons.

Section 3721.022 | Establishing and Maintaining Health Standards and Serving as State Survey Agency.

Section 3721.023 | Party Identified in License Deemed Sole Owner of Business on Premises Leased on or Before 1-1-70.

Section 3721.024 | Nursing Facility Recognition Program.

Section 3721.026 | Assignment or Transfer of Operation of Nursing Home.

Section 3721.027 | Investigation of Unresolved Complaints Found to Be Valid.

Section 3721.03 | Enforcement of Provisions - Revocation of License.

Section 3721.031 | Investigation of Complaint Concerning Home - Disclosure of Information.

Section 3721.032 | Fire Marshal to Enforce and Adopt Fire Safety Rules.

Section 3721.04 | Adoption and Publication of Uniform Rules Governing Operation of Homes.

Section 3721.041 | Vaccinations to Be Offered to Residents.

Section 3721.042 | Excluded Grounds for Denial of License.

Section 3721.05 | Operating Home Requires License - Prohibited Activities.

Section 3721.051 | County or District - Prohibited Activities.

Section 3721.06 | Prohibition Against Placement of Person in Unlicensed Home.

Section 3721.07 | Requirement for Issuance of License - Revocation.

Section 3721.071 | Home Must Be Equipped With Both Automatic Fire Extinguishing and Fire Alarm Systems.

Section 3721.072 | Biennial Participation in Quality Improvement Projects.

Section 3721.08 | Injunctive Relief.

Section 3721.081 | Summary Orders.

Section 3721.09 | Local Regulations.

Section 3721.10 | Residents' Rights Definitions.

Section 3721.11 | Director to Adopt Rules.

Section 3721.12 | Duties of Nursing Home Administrator Concerning Residents' Rights.

Section 3721.121 | Criminal Records Check.

Section 3721.122 | Screening and Accommodations for Sex Offenders.

Section 3721.13 | Residents' Rights.

Section 3721.14 | Implementation of Residents' Rights.

Section 3721.141 | Notification of Benefit Eligibility.

Section 3721.15 | Authorization to Handle Residents' Financial Affairs.

Section 3721.16 | Residents' Rights Concerning Transfer or Discharge.

Section 3721.161 | Hearing Challenging Proposed Transfer or Discharge.

Section 3721.162 | Determining Whether Transfer or Discharge Complies.

Section 3721.17 | Grievance Procedure.

Section 3721.18 | Attorney General Duties.

Section 3721.19 | Nonparticipation in State Assistance Program.

Section 3721.20 | Compassionate Care Visits.

Section 3721.21 | Long-Term Care Facility Definitions.

Section 3721.22 | Reporting Abuse or Neglect of Resident or Misappropriation of Property.

Section 3721.23 | Investigations.

Section 3721.24 | Whistleblower Protection.

Section 3721.25 | Confidentiality.

Section 3721.26 | Adoption of Rules.

Section 3721.28 | Nurses Aides Training and Competency Evaluation Programs.

Section 3721.29 | Orientation Program - Performance Review - In-Service Education.

Section 3721.30 | Competency Evaluation Program Contents.

Section 3721.31 | Approving or Rejecting Programs.

Section 3721.32 | State Nurse Aide Registry.

Section 3721.33 | Nurse Aide Training Fund.

Section 3721.34 | Cooperation With Other Agencies.

Section 3721.35 | Unauthorized Practice of Nursing.

Section 3721.60 | Electronic Monitoring in Long-Term Care Facilities Definitions.

Section 3721.61 | Electronic Monitoring Authorization Form.

Section 3721.62 | Roommate Consent.

Section 3721.63 | Form Prescribed by Facility.

Section 3721.64 | Posted Notice.

Section 3721.65 | No Discrimination for Use of Electronic Monitoring Device.

Section 3721.66 | Tampering and Unauthorized Use.

Section 3721.67 | Rulemaking.

Section 3721.68 | Law Enforcement Exception.

Section 3721.69 | Video-Conference Visitation.

Section 3721.99 | Penalty.