Posts Tagged: Federal Reserve Bank

Opinion

After 30 years, personal allowance in nursing homes still $35

Nursing home patients at their facility. Photo: ChameleonsEye, via Shutterstock)

OPINION: In 1965 Congress passed and the president signed into law Medicaid. At that time, they decided on how much a nursing home resident should be able to keep from his or her income toward meeting personal needs. They decided that $30 per month would be a fair allowance. The Personal Needs Allowance has remained the same at $35.00 since the 1980s.

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