5000 - Resources (Not Applicable To Family Medical, MA, Medicaid Poverty Level, HealthWave, Child Care and Grandparents as Caregivers Programs)
Resources include real and personal property (other than income). Real property consists of such assets as land, buildings, homes and life estates. Personal property consists of all property other than real estate including cash assets, vehicles, and household goods.
A household's resources at the time the household applies, and any changes in resources reported prior to the processing of the application, shall be used to determined the household's eligibility.
The value of a nonexempt resource, with the exception of licensed vehicles, shall be the client's equity in the resource. Equity is defined as fair market value less encumbrances.
5100 MAXIMUM ALLOWABLE RESOURCE LIMITS
5110 Cash Assistance (including Funeral Assistance) - The maximum allowable nonexempt resources of all members of the mandatory filing unit shall not exceed two thousand dollars ($2,000). This limit applies to the applicant/recipient and all persons for whom(s) he is legally responsible unless the resources are unavailable.
5120 Food Stamps - The maximum allowable nonexempt resources of all members of the household shall not exceed three thousand dollars ($3,000) for all households with at least one member age 60 or over or with at least one member who is considered disabled for purposes of the Food Stamp Program (see definition of "disabled" in Appendix X-6. The maximum allowable nonexempt resource limit of two thousand dollars ($2,000) applies to all other households. This limit applies to all household members, including disqualified and excluded individuals in the household.
NOTE: The above resource limits do not apply to food stamp recipients who also receive TAF or SSI. Refer to 5430 (17).
5130 Medical Assistance - The maximum allowable nonexempt resources of all members of the assistance family group shall not exceed two thousand dollars ($2,000) for one person and three thousand dollars ($3,000) for two or more persons who are in the family group (excluding SSI recipients). In the QMB, LMB and QWD programs, an individual may own nonexempt resources up to 2 times these allowable standards. For Part D Subsidy, countable resources cannot exceed $6,290 for a single or $9,440 for 2 or 3 person plans (Level DØ) or $10,490 for a single, $20,970 for 2 or 3 person plans (Levels D1, D2, D3 and D4). In the Working Healthy program, the maximum allowable nonexempt resources shall not exceed fifteen thousand dollars ($15,000) for any size family group.
In addition to the resource amounts listed above for the MS, Working Healthy, QMB and LMB programs, an additional resource disregard shall be allowed in an amount equal to the total benefits paid out under a Qualified Long Term Care Insurance Partnership policy for that individual.
In determining SI eligibility, the $2,000/$3,000 standards are applicable where a countable trust arrangement exists in accordance with 2631 and 5620. For MA CM, a $2,000 resource standard is applicable when a countable trust exists.