Nursing Homes Stealing Your Stimulus
Unlock Your Wealth Today Starring Heather Wagenhals
Nursing Home and Assisted Living Facility residents on
Medicaid beware, there is an insidious new scam heading your way to
separate you or your loved ones from your CARES Act stimulus
The first complaints have come in from Ohio with other states
Attorney's General reporting similar scams where the facility
operators are forcing their residents who receive Medicaid benefits
to sign over their stimulus checks under the auspices of it being
part of their "Medicaid Resources." This is false.
Here is the truth from the FTC:
" those economic impact payments are, according to the CARES
Act, a tax credit. And tax law says that tax credits don’t count as
“resources” for federal benefits programs, like Medicaid. So: when
Congress calls these payments “tax credits” in the CARES Act, that
means the government can’t seize them. Which means nursing homes
and assisted living facilities can’t take that money from their
residents just because they’re on Medicaid."
Learn More with Resource Links:
Federal Trade Commission:
Jim Woods' Newsletter
Advisory Services Websites:*
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