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ESA SNAP Policy Manual 280 Asset Type TANF, GC, RCA SNAP ABD Medicaid and IDA Exclude rental payments that are withheld due to a rent strike but remain in the possession of the household. Excluded Exclude rental payments that are withheld due to a rent strike but remain in the possession of the household. Retirement plans, individual retirement accounts (IRAs), 401(k)s Exclude the cash value of all retirement plans for all household members, including the following:  IRAs  Keogh accounts  401(k), 403(b) and 457 accounts  All other pension and retirement funds as long as the funds remain in the retirement plan If the customer has the option to withdraw a lump sum and they are not eligible for periodic payments: Count as an asset, less any early withdrawal penalty.

If the customer is eligible for periodic payments: Exclude as an asset. Retroactive lump sum benefits, including: Unemployment compensation TANF SSI OASDI (Social Security) Railroad retirement VA benefits Excluded Counted as resources in the month received Excluded, except unemployment compensation, railroad retirement and VA benefits. For these payments, exclude the first $12,000 for 12 months from month of receipt and count any excess as an asset to the household. Trailers and campers Count nonmotorized or towable conveyances, such as trailers or campers as nonliquid assets. Trusts A trust is a right of property created by one or more people for the benefit of themselves or another person. The grantor is the person(s) who creates the trust, and the beneficiary is the person(s) for whose benefit the trust is created. There are two types of trusts:  Revocable trust − Excluded assets placed in a revocable trust, including a home, are excluded. The value of any nonexcluded assets in the revocable trust is countable for the grantor. − Medicaid rules require that the trust principal is counted as resource if the funds can be used to purchase food or shelter unless the individual does not have the legal authority to revoke/terminate the trust or direct the use of the assets for their own support and maintenance. Any payments made for the benefit of the individual are considered income to the individual.  Irrevocable trust − When a trust established by a household member is determined to be irrevocable, it is excluded. − Under Medicaid, funds in an irrevocable trust are not counted if the trust is irrevocable by its terms and under state laws and the trust beneficiary cannot control or direct the use of trust for their support and Return