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MEDICAL SERVICES – APPENDIX N, FAMILY MEDICALLY NEEDY RESOURCE AND INCOME LEVELS 02-24-16 Page 12 of 19 Joint Refunds (Client and Spouse) The client’s portion of a joint tax return will be excluded as income and disregarded as a resource for 12 months following the date of receipt. U.S. Savings Bonds A U.S. Savings Bond is an obligation of the Federal government, which is nontransferable. These bonds are normally owned by the owner(s) shown on the front of the bond. If bond ownership is shared, each person’s share as a resource is equal, even though any of the owner’s listed on the bond may dispose of it. Value determination should be secured by contact with a bank or from the website http://www.treasurydirect.gov/BC/SBCPrice. Stocks and Bonds Shares of stock represent ownership in a corporation. Stock value is determined by the closing price at the time of application or redetermination. Verification of stock value may be made by consulting the financial section of a newspaper or online listings. If these bids are not listed in the newspaper, contact will be made with a local securities firm for verification. J. Other Types of Personal Property Any other available property, including livestock not used for subsistence and farming or other self- employment tools and equipment, which are no longer used to produce income, will be counted as a resource. II. Income for Medically Needy Categories A. Income Income is classified as earned or unearned. Voluntary deductions from income are considered to have been received by the individual (e.g., Medicare premiums, credit union shares, etc.). The income guidelines in this section are general guidelines used in determining income eligibility for the Medically Needy categories (i.e., AFDC, U-18, Unemployed Parent, Pregnant Woman, Foster Care and Refugee). These guidelines are not used in AABD Medicaid. B. Income to be Disregarded The following sources of income are not considered in determining eligibility for family Medicaid. 1. Home Energy Assistance Program (HEAP) payments. 2. TEA cash payments or reimbursements for participating in an assigned work activity. 3. Supplemental Security Income (SSI) benefits and other income of SSI recipients/eligibles. This includes the income of individuals whose Medicaid continues after SSI stops and who were certified in the following categories: