If you, or someone you care about, lives in an assisted living facility or nursing home, read on. Because the bill funding the second round of Economic Impact Payments (EIPs) has now been signed into law. The money — right now, $600 per person who qualifies — is being sent out over the next few weeks. And, like last time, the money is meant for the PERSON, not the place they might live.
In the first round, which I’ll call EIP 1.0, we know that some nursing facilities tried to take the stimulus payments intended for their residents…particularly those on Medicaid. Which wasn’t, shall we say, legal, and kept some attorneys general busy recovering those funds for people.
Now, with EIP 2.0, we would hope those facilities have learned their lesson. But, just in case, let’s be clear: If you qualify for a payment, it’s yours to keep. If a loved one qualifies and lives in a nursing home or assisted living facility, it’s theirs to keep. The facility may not put their hands on it, or require somebody to sign it over to them. Even if that somebody is on Medicaid.
It would be worth a quick chat with management of the facility in question, just to remind them that the rules are the same this time through. And if you hear about a nursing home or assisted living facility being grabby about Economic Impact Payments, tell your state attorney general right away. And then tell the FTC at www.ReportFraud.ftc.gov.