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MEDICAL SERVICES – APPENDIX N, FAMILY MEDICALLY NEEDY RESOURCE AND INCOME LEVELS 02-24-16 Page 10 of 19 Cash and Money on Deposit Cash on hand includes amounts that the individual has on his person, amounts that he has at home, amounts in safety deposits boxes and/or amounts that belong to the individual but is being held by someone else. This amount, less any received during the month and counted as income, is a countable resource. Money on deposit in a bank, savings and loan, credit union, or other financial institution must be considered a countable resource. Money on deposit includes checking accounts, savings accounts, certificates of deposit, retirement accounts, etc. Jointly Held Bank Accounts With Non-SSI Recipients When a Medicaid client has a bank account with a non-SSI person, ownership of the jointly held bank account must be determined prior to determining whether it is a resource to the client. This applies to all situations in which at least one of the persons named on the account, including the client’s spouse, is a non-Medicaid person whose resources would not be considered in determining eligibility. (If one of the persons named on the account is an SSI recipient, see the following Section). A person is considered as the owner of funds in a bank account if that person earned, received, or was given the funds in the account. As this relates to married couples, for Medicaid purposes, it is normally presumed that both spouses are joint owners of funds in a jointly held bank account. However, when there is written documentation clearly establishing that joint ownership is not intended, then ownership by just one will be determined to exist. Ownership will be verified by written statements from the persons whose names are on the account, if at all possible, or if not, through collateral contacts. If it is determined that the Medicaid client does not actually own the funds in the account, then none will be considered a resource to the client. If joint ownership does actually exist, then the amount considered to be owned by each of the joint owners will be a prorata amount rather than the full amount. EXAMPLE: Mr. and Mrs. Jones have a joint savings account with a balance of $1,500. Joint ownership does exist, so one half, or $750, will be considered to be owned by each one. Since Mr. Jones is the Medicaid (Medicaid category U-18 SD) child’s stepfather, his resources are not considered. Therefore, $750, Mrs. Jones’ share, will be considered a countable resource in determining eligibility. Jointly Held Bank Accounts With SSI Recipients Any funds in a jointly held bank account which are being considered in determining an SSI recipient’s eligibility cannot be considered in determining Family Medicaid eligibility. This applies to all situations in