How often must residents or their legal representatives receive statements regarding the resident's funds?

Residents or their legal representatives must receive statements regarding the resident's funds upon request and quarterly. This requirement is established to ensure transparency and accountability in the management of residents' financial resources within health facilities. Providing statements quarterly allows residents or their representatives to track financial transactions and balances regularly, ensuring they are informed of how their funds are being managed.

Moreover, the option for residents to request additional statements reinforces their right to access information about their finances whenever they feel the need to review their accounts more frequently. This dual requirement of regular updates and the ability to request information is crucial for consumer protection and enhancing trust between residents and facility administrators. This practice adheres to regulations that aim to safeguard residents' financial rights in a healthcare setting.