CNA Financial Management & Budgeting 2

Question 1

A nursing home resident receives a monthly Social Security check of $1,200. After paying $950 for room and board, what is the resident's Personal Needs Allowance (PNA)?

Accepted Answer

$250

Answer

The PNA is the amount remaining after room and board costs: $1,200 - $950 = $250.

Question 2

Which federal program provides health insurance coverage for low-income nursing home residents who have spent down most of their assets?

Accepted Answer

Medicaid

Answer

Medicaid covers long-term nursing home care for residents who meet income and asset eligibility requirements.

Question 3

A CNA notices a resident's family member is pressuring the resident to sign over power of attorney. What should the CNA do?

Accepted Answer

Report the observation to the charge nurse

Answer

CNAs must report signs of potential financial exploitation or undue pressure to the charge nurse or supervisor immediately.

Question 4

What does the term 'spend-down' mean in the context of Medicaid eligibility?

Accepted Answer

Using assets until they fall below Medicaid limits

Answer

Spend-down refers to the process where a resident depletes assets to qualify for Medicaid long-term care coverage.

Question 5

Which document legally authorizes a designated person to manage a resident's financial affairs if the resident becomes incapacitated?

Accepted Answer

Durable Power of Attorney

Answer

A Durable Power of Attorney remains valid if the resident becomes incapacitated and grants the agent authority over financial decisions.

CNA Practice Test

CNA Practice Test

CNA Financial Management & Budgeting 2