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MEDICAL SERVICES – APPENDIX N, FAMILY MEDICALLY NEEDY RESOURCE AND INCOME LEVELS 02-24-16 Page 1 of 19 I. Resources for Medically Needy (MN) Categories The resource guidelines in this section provide general guidelines used in determining resource eligibility for the Family Medically Needy (MN) categories. The chart below provides the most current Family MN categories including the resource limit for each. Category Resource Limit Family MN: (EC & SD) AFDC U-18 (SD only) Unemployed Parent Pregnant Women Family Size-Limit 1-$2000 2-$3000 3-$3100 4-$3200 5-$3300 6-$3400 Add $100 for each additional person A. Definition of a Resource A resource is any real or personal property available to an individual to meet his needs. Only those resources currently available, or for which the individual has the legal ability to make available, will be considered. Accumulations in trust funds, retirement and profit-sharing plans, or other arrangements, which preclude the use of the property for meeting current needs, will not be considered until such time as the property is actually available to the individual. All or any portion of a payment, which is considered as income in the month of receipt, cannot be considered as a resource in the same month. EXAMPLE: Ms. Smith has a checking account with a balance of $750. On March 5, she deposits her regular monthly $100 Social Security check into it. Since the $100 she deposited is income for March, it cannot be included as part of the resource (the checking account) for March. Any of the March $100 remaining in the account as of April 1, however, would then be considered as a resource.  NOTE: The Medicaid household unit must be income and resource eligible for the entire month for Medicaid eligibility to be considered to exist for the month. Verification of Resources All resources claimed by the household must be verified. If retroactive coverage is requested, resources must be verified in each retroactive month.