RESOURCES

A. Unless otherwise specified, a resource is countable, and together with all other countable resources of the client, spouse, and sponsor(s) shall be considered against the resource limit. The resource limit is: 1. $2,000 for: a. An unmarried client; b. An unmarried sponsor; and, c. A married sponsor whose spouse is a co-sponsor. Each sponsor shall receive the $2,000 resource limit for a combined resource limit of $4,000. 2. $3,000 for: a. A married client; or, b. A married sponsor whose spouse is not a co-sponsor. B. Countable resources include, but are not limited to: 1. Equity value of real property that is not used as the primary home or not exempt as income-producing. 2. Proceeds from the sale of the primary home that are in excess of the cost of expenses incurred to purchase or build a replacement home. 3. Personal property or the proceeds from the sale of personal property, such as mobile homes or recreational vehicles not used as the primary home and not exempt as income producing. 4. Personal property or the proceeds from the sale of personal property, such as motor vehicles, recreational off road vehicles, boats, trailers, or similar that are not exempt per Section 3.520.77 or exempt as income producing. 5. Cash and convertible assets including but not limited to: cash on hand, a savings or checking account, other accessible electronic currency and/or cryptocurrency, stocks, bonds, mutual fund shares, 401Ks, 457Ks, IRAs, Certificates of Deposit (CDs), PERA accounts, gold/silver, pensions, and other retirement or investment accounts and investment vehicles. 6. Mortgages, promissory notes, and similar properties that can be converted to cash. 7. Cash surrender value of all life insurance policies as outlined in Section 3.520.75. 8. Prepaid revocable funeral or burial expense contracts or trust deposits, as outlined in Section 3.520.77.G-H. 9. The value of the burial space in excess of that required to meet the burial needs of the immediate family, as outlined in Section 3.520.77.I. 10. Proceeds of fire or casualty insurance payments that were in excess of the expenses incurred to repair or replace the damaged, lost, or stolen property. 11. Proceeds of a loan when those proceeds were not expended to meet the purpose of the loan or proceeds of a loan with no bona fide debt repayment schedule. 12. The estate and all resources identified in the estate inventory for a client adjudicated incapacitated by a court. 13. Trusts, both revocable and irrevocable, will be countable as resources or income according to the guidelines of SSA, except as prohibited by Sections 15-14-412.5 through 15-14-412.9, C.R.S. (2025) and is consistent with the provisions of Federal Guidelines found in the SSA Programs Operations Manual System (POMS) at SI CHI01120.201

(October 26, 2022) and SI 01120.200 (May 6, 2024), which are hereby incorporated by reference. This rule does not contain any later amendments or editions. These guidelines are available for no cost at https://secure.ssa.gov/poms.NSF/lnx/0501120201CHI and https://secure.ssa.gov/apps10/poms.nsf/lnx/0501120200. These guidelines are also available for public inspection and copying at the Colorado Department of Human Services, Division of Economic and Workforce Support, 1575 Sherman Street, Denver, Colorado, 80203, during regular business hours. a. When all or a portion of the corpus of a trust, cannot be paid to or for the benefit of the client, the portion that cannot be paid is considered a transfer of resources for less than fair market value and a penalty shall be assessed as outlined in Section 3.520.76.D. b. Refusal of a trustee to make payments to or for the benefit of the client does not exempt the trust from being a countable asset and the full amount of the trust shall be considered available as a resource to the client. c. If a client places an exempt resource in a trust the resource exemption may still apply to that resource. C. If it is determined that a married couple is legally separated as identified in Section 3.520.63, sole ownership of property by the non-recipient spouse does not affect the client's eligibility for assistance. D. The county department shall obtain verification of all resources and associated values. 1. The county department shall include case notes describing verification documentation in the statewide automated system. 2. Original copies of verification documents shall be returned to the client. 3. The client's authorization on the application or redetermination form shall be obtained to contact a collateral contact for valuation information or verification. 4. After resources have been verified at application, client statement is acceptable until each twenty-four (24) redetermination. Resources must be reverified by traditional verification methods at every twenty-four (24) month redetermination. All new resources must be verified by traditional verification methods when reported. 5. Client statement is acceptable as verification for cash. E. A sponsor(s)'s resources are only counted toward the non-citizen client they sponsor. Resources are attributed to the sponsor in the same manner as the non-citizen client, as outlined in Section 3.520.7. All countable resources over the sponsor(s) resource limit, as outlined in Section 3.520.72.A, are then deemed to the non-citizen client. The deemed amount from the client’s sponsor(s) is then added to the non-citizen client’s countable resources and compared to the non- citizen client’s resource limit, as outlined in Section 3.520.72.A. F. If a client is approved for Supplemental Security Income (SSI) as verified through the SVES interface, there shall be no additional requirement to verify resources at application, unless the resources reported are questionable. 1. If the county department has obtained or received information related to resources that is contrary to the SVES interface, the county department shall independently verify the information; and, 2. The county department shall forward such contrary information to the local SSA office.