Provider Notice issued 03/28/08
Economic Stimulus Payments (Federal Tax Rebates)
| To: |
Long Term Care Providers (ICF, SNF, ICF/DD, SLF) |
| Date: | March 28, 2008 |
| Re: |
Economic Stimulus Payments (Federal Tax Rebates) |
The purpose of this notice is to inform providers that the refund received from the Internal Revenue Service as result of the 2007 Economic Stimulus Law will be exempt from consideration for purposes of eligibility for medical assistance for three months from receipt. The money is to be available for the resident to spend as they wish. Any amount remaining after three months will be considered an asset and will be applied toward the $2,000 asset limit.
If any amount remaining from the refund after three months, plus the resident’s account, total $1,800 or more, the facility must notify the resident pursuant to 89 Illinois Administrative Code 140.518 (g).
Since this rebate will be available to only those who file a 2007 tax return, facilities are encouraged to assist residents with filing a tax return.
This notice is available on the department’s Web site.
Questions regarding this notice may be directed to the Bureau of Long Term Care at 1-217-782-0545.
Theresa A. Eagleson, Administrator
Division of Medical Programs