Financial Management & Budgeting Flashcards
7 cards from real CNA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Financial Management & Budgeting flashcards as text
Which Medicare part primarily covers skilled nursing facility (SNF) care after a qualifying hospital stay?
Answer: Medicare Part A
Medicare Part A covers inpatient hospital stays and up to 100 days of skilled nursing facility care following a qualifying 3-day hospital stay.
A resident's family disputes a charge on the monthly billing statement. To whom should the CNA direct this concern?
Answer: The facility's billing or business office
Billing disputes should be directed to the facility's billing or business office, which handles financial records and account reconciliation.
What is the purpose of a resident trust fund account maintained by a nursing facility?
Answer: To safeguard resident funds for personal use
A resident trust fund account holds and manages the resident's personal money for day-to-day expenses while keeping it separate from facility funds.
How often must a nursing facility provide a resident with a statement of their personal trust fund account activity?
Answer: Quarterly
Federal regulations require nursing facilities to provide residents with a quarterly statement of their personal trust fund account activity.
A resident on Medicaid wants to purchase a television for their room. Where would this personal expense typically be paid from?
Answer: The resident's Personal Needs Allowance
Personal items like a television are paid from the resident's Personal Needs Allowance, the small monthly stipend Medicaid allows residents to keep.
Which of the following is an example of financial abuse of a nursing home resident?
Answer: A staff member forging a resident's signature on a check
Forging a resident's signature on any financial document is financial abuse and a criminal act.
When a Medicaid resident dies, the facility must return the resident's trust fund balance within how many days?
Answer: 30 days
Federal law requires nursing facilities to return a deceased Medicaid resident's trust fund balance to the estate or appropriate party within 30 days.