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MEDICAL SERVICES POLICY MANUAL, SECTION E

retirement or pension accounts through an employer) while the person was employed and eligible for and receiving WWD benefits. The exclusion also applies to any interest and earnings accrued by the account during and subsequent to enrollment in WWD. These accounts must be held separate from other resources. While there are no limitations to the type of account or number of accounts that may be designated as an Independence Account, the account must be established and approved by DHS during an individual’s enrollment in the WWD program. Approved Independence Accounts will be disregarded as a resource for all AABD Categories during the WWD enrollment and will remain disregarded if WWD coverage is to end. There is no minimum or maximum limit to establish the account. There is no minimum or maximum limit that can be deposited to the existing account. Withdrawals and actions involving the Independence Accounts are subject to standard eligibility rules relating to resources (for example: a transfer from the account for less than fair market value would be subject to transfer-of-asset rules). DHS will review the Independence Accounts, including deposits and withdrawals, at each annual reevaluation. Please see the Medical Services-Glossary section to see any further definition of an Independence Account. NOTE: No additional deposits into the Independence Account are allowed once the individual is no longer enrolled in WWD coverage.

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Page 213

Official source

MEDICAL SERVICES POLICY MANUAL, SECTION E

retirement or pension accounts through an employer) while the person was employed and eligible for and receiving WWD benefits. The exclusion also applies to any interest and earnings accrued by the account during and subsequent to enrollment in WWD. These accounts must be held separate from other resources. While there are no limitations to the type of account or number of accounts that may be designated as an Independence Account, the account must be established and approved by DHS during an individual’s enrollment in the WWD program. Approved Independence Accounts will be disregarded as a resource for all AABD Categories during the WWD enrollment and will remain disregarded if WWD coverage is to end. There is no minimum or maximum limit to establish the account. There is no minimum or maximum limit that can be deposited to the existing account. Withdrawals and actions involving the Independence Accounts are subject to standard eligibility rules relating to resources (for example: a transfer from the account for less than fair market value would be subject to transfer-of-asset rules). DHS will review the Independence Accounts, including deposits and withdrawals, at each annual reevaluation. Please see the Medical Services-Glossary section to see any further definition of an Independence Account. NOTE: No additional deposits into the Independence Account are allowed once the individual is no longer enrolled in WWD coverage.