Nursing home residents have a little more time to spend stimulus checks before losing Medicaid
CNN
Nursing home residents on Medicaid have some more time to spend their stimulus checks, but they shouldn't wait too long.
Typically, Medicaid enrollees are only allowed to have a limited amount of assets, outside of their primary residence, car and other essentials. For single people, it's usually around $2,000. Those who exceed that threshold could find themselves kicked out of the health insurance program for low-income Americans. The $1,200 stimulus payments that many people received last spring did not count as income under Medicaid rules. So nursing home residents did not have to turn the money over to the facilities where they live and could save it for their own use.
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