UPM 4005.10 - Asset Limits

CONNECTICUT DEPARTMENT OF SOCIAL SERVICESPRIVATE UNIFORM POLICY MANUAL ______________________________________________________________________________ Date: 07-02-01 Transmittal: UP-02-01 4005.10 ______________________________________________________________________________ Section: Type: Treatment of Assets POLICY ______________________________________________________________________________ Chapter: Program: AFDC Asset Limits AABD ____________________________________________________________ MA Subject: Asset Limits for All Programs ______________________________________________________________________________

4005.10 A. The asset limits for the Department's programs are as follows except as noted under B:

1. AFDC and FMA ‑ Categorically Needy

The asset limit is $1,000 per needs group.

2. AABD and MAABD - Categorically and Medically Needy

(Except Qualified Medicare Beneficiaries, Specified Low Income Medicare Beneficiaries, Additional Low Income Medicare Beneficiaries, Qualified Disabled and Working Individuals, Working Individuals with Disabilities and Women Diagnosed with Breast or Cervical Cancer)

a. The asset limit is $1,600 for a needs group of one.

b. The asset limit is $2,400 for a needs group of two.

3. MAABD-QMB, SLMB and QDWI Coverage Groups

a. The asset limit is $4,000 for a needs group of one.

b. The asset limit is $6,000 for a needs group of two (Cross References: 2540.94, 2540.95 and 2540.90).

4. MAABD- ALIMB Coverage Groups

Prior to April 1, 2001, the asset limit is:

$4,000 for a needs group of one.

$6,000 for a needs group of two.

Effective April 1, 2001 there is no asset limit for these coverage groups. (Cross References:2540.97 and 2540.98)

CONNECTICUT DEPARTMENT OF SOCIAL SERVICES UNIFORM POLICY MANUAL ______________________________________________________________________________ Date: 05-10-10 Transmittal: UP-10-03 4005.10 page 2 ______________________________________________________________________________ Section: Type: Treatment of Assets POLICY ______________________________________________________________________________ Chapter: Program: Asset Limits MA ____________________________________________________________ SNAP Subject: Asset Limits for All Programs ______________________________________________________________________________

4005.10 A. 5. MAABD-Working Individuals with Disabilities

a. The asset limit is $10,000 for a single individual.

b. The asset limit is $15,000 for an individual living with his or her spouse (Cross Reference: 2540.85).

6. MAABD‑ Women Diagnosed with Breast or Cervical Cancer

There is no asset limit for this coverage group. (Cross Reference: 2540.74)

7. FMA‑ Medically Needy

a. The asset limit is $2,000 for a needs group of one.

b. The asset limit is $3,000 for a needs group of two.

c. The asset limit is increased by $100 for each additional member of the needs group for groups of more than two.

8. Supplemental Nutrition Assistance Program

a. The asset limit is established by the USDA and shall be adjusted and rounded down to the nearest $250 increment to reflect changes for the 12-month period ending the preceding June in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor.

CONNECTICUT DEPARTMENT OF SOCIAL SERVICES UNIFORM POLICY MANUAL ______________________________________________________________________________ Date: 05-10-10 Transmittal: UP-10-03 4005.10 page 3 ______________________________________________________________________________ Section: Type: Treatment of Assets POLICY ______________________________________________________________________________ Chapter: Program: Asset Limits MA ____________________________________________________________ SNAP Subject: Asset Limits for All Programs ______________________________________________________________________________

4005.10 A. 8. Supplemental Nutrition Assistance Program (continued)

b. There are two separate asset limits, one for households in which at least one member is age 60 or over or disabled, and a lower one for all other households.

B. The following Medicaid coverage groups are not required to pass an asset test:

1. Increased Earnings Extension;

2. Increased Support Extension;

3. Primary Work Transition Extension;

4. HMO Extension;

5. Pregnant Women Under 185% of the Poverty Level;

6. Pregnant Women Extension;

7. Children Under 185% of the Poverty Level (under age one);

8. Children Under 185% of the Poverty Level (between ages one and six);

9. Children Under 185% of the Federal Poverty Level (age six or over born after 9/30/83);

10. Additional Low Income Medicare Beneficiaries effective April 1, 2001;

11. Women Diagnosed with Breast or Cervical Cancer.