Banks Lack Fast-Track Process for Court-Ordered Medicaid Account Adjustments
A power-of-attorney and legal conservator reports that Chase repeatedly fails to timely adjust accounts to keep clients under Medicaid asset limits, even after two court orders, causing an elderly client to incur $8,000 in unreimbursed care-facility costs and forcing a Medicaid reapplication. This points to a structural gap in how banks handle time-sensitive conservatorship and Medicaid-compliance requests.
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