Trust Funds

Also in the news for August 7, 2014 . . .

Mild cognitive impairment quadruples risk of Alzheimer's ... UK health system testing antipsychotic medication patch ... Nursing home worker admits stealing from resident trust funds ... Genworth reviewing LTC insurance claims reserves

State News

State News

NEW JERSEY - Untold amounts of money have been pilfered from nursing home residents' funds by those entrusted to protect them, and little government oversight exists to prevent it. This is one reason the state decided to intervene under a new law requiring the New Jersey Health Commissioner to routinely audit residents' accounts, officials said.

Review targets stolen money

Review targets stolen money

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Leaders in the U.S. Senate have called for a government review of how nursing homes handle facility-managed trust funds.

Poor oversight allows nursing home workers to plunder residents' trust funds, investigation finds

Poor oversight allows nursing home workers to plunder residents' trust funds, investigation finds

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Nursing home workers face few impediments in stealing money from residents' trust funds, according to a USA Today investigation that uncovered thousands of cases of financial exploitation.