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MEDICAL SERVICES – APPENDIX N, FAMILY MEDICALLY NEEDY RESOURCE AND INCOME LEVELS 02-24-16 Page 11 of 19 which a Family Medicaid client’s name is on a bank account with an SSI recipient, including situations in which the SSI recipient is the Family Medicaid client’s child or spouse. SSI policy presumes that all funds in a bank account which is jointly owned by an SSI recipient and another person belong to the SSI recipient. The SSI recipient may rebut this presumption if some or all of the funds belong to the other person. However, unless the SSI recipient successfully rebuts the presumption, then SSI will consider all of the funds in the account for SSI purposes. In that case, none of the funds can be considered for Family Medicaid purposes even if the Family Medicaid client’s name is on the bank account. When a Family Medicaid client’s name is on any type of bank account with an SSI recipient, it will be presumed that all of the funds in the account are being considered for SSI purposes. It will not be necessary to verify with SSI whether the bank account funds are being considered for SSI purposes unless the Family Medicaid client advises that SSI is not considering all of the funds, or the amount in the account would appear to cause SSI ineligibility if considered. In either of those situations, the Medicaid caseworker will verify with SSI whether the funds are being considered in determining the SSI recipient’s eligibility. Any funds not being considered for SSI purposes will be subject to Family Medicaid consideration as described in the above section. That is, if the Family Medicaid client is the only other owner, then the funds not considered for SSI will be considered for Family Medicaid. If, though, there are other owners besides the Family Medicaid client and SSI recipient, then ownership and prorata shares will be determined. Except in the above two situations, it will not be necessary to verify with SSI whether the bank account funds are being considered for SSI purposes. It will be presumed that they are being considered for SSI and therefore, will not be considered for Family Medicaid eligibility purposes. Life Insurance Policies The total cash surrender value (CSV) of all life insurance policies, except those issued by a funeral home and considered as a funeral agreement, will be considered when determining the resources available to the assistance unit. The cash surrender value of any life insurance policy which is accessible to any of the persons whose resources must be considered will be included regardless of whether the insured person is a member of the assistance unit. Tax Refunds Federal tax refunds or advance payments are excluded as income and disregarded as a resource for 12 months following the date of receipt. Earned Income Credit (EIC) payments are totally disregarded as income or resources.