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Chapter: 1600 Assets Program: MFAM i

1640.0000 SSI-Related Medicaid, State Funded Programs ....... 1 1640.0100 ASSET DEFINITION (MSSI, SFP) ........................................................................... 1 1640.0200 ASSET LIMITS (MSSI, SFP) .................................................................................... 1 1640.0204 Asset Limits Medically Needy (MSSI) .................................................................. 1 1640.0205 Asset Limits (MSSI, SFP) ..................................................................................... 1 1640.0206 Verification of Assets (MSSI, SFP) ....................................................................... 2 1640.0207 General Verification Rule (MSSI, SFP) ................................................................ 2 1640.0300 ASSET OWNERSHIP AND AVAILABILITY (MSSI, SFP) ....................................... 2 1640.0301 Joint Ownership (MSSI, SFP)............................................................................... 2 1640.0302.01 Joint Ownership of Bank Accounts (MSSI, SFP) ............................................. 2 1640.0302.02 Joint Ownership of Bank Accounts (MSSI, SFP) ............................................. 3 1640.0302.04 Proof Needed to Rebut Ownership (MSSI, SFP) ............................................. 3 1640.0302.05 Evaluating Evidence for Rebuttal (MSSI, SFP)................................................ 3 1640.0303.01 Other Types of Joint Ownership of Assets (MSSI, SFP) ................................. 4 1640.0303.02 Joint Ownership by Husband and Wife (MSSI, SFP) ...................................... 5 1640.0303.03 Trusts Ownership (MSSI, SFP) ........................................................................ 5 1640.0304 Ownership of Real Property (MSSI, SFP) ............................................................ 5 1640.0305.01 Ownership of Real Property by Title (MSSI, SFP) ........................................... 5 1640.0305.02 Shared Ownership of Real Property (MSSI, SFP) ........................................... 5 1640.0305.03 Life Estate Ownership (MSSI, SFP) ................................................................. 6 1640.0305.04 Ownership Interest in Unprobated Estate (MSSI, SFP) ................................... 6 1640.0307.01 Home Ownership (MSSI, SFP) ........................................................................ 7 1640.0307.02 Establishment of Home Ownership (MSSI, SFP) ............................................ 7 1640.0307.03 Shared Home Ownership (MSSI, SFP) ........................................................... 7 1640.0307.04 Home Equity (MSSI, SFP) ............................................................................... 8 1640.0307.05 Undue Hardship for Excess Home Equity Interest (MSSI) .............................. 9 1640.0307.06 Processing Undue Hardship Requests for Excess Home Equity (MSSI) ........ 9 1640.0308 General Availability (MSSI, SFP) ......................................................................... 9 1640.0311 Availability of Joint Bank Account (MSSI, SFP) ................................................. 10 1640.0312.01 Availability of Trusts (MSSI, SFP) .................................................................. 10 1640.0312.02 Trust Availability to Trustee (MSSI, SFP) ...................................................... 10 1640.0312.03 Trust Availability to Beneficiary (MSSI, SFP) ................................................. 10 1640.0313 Representative Payee or Legal Guardian (MSSI, SFP) ..................................... 11 1640.0314.01 Assets Available to Spouse (MSSI) ............................................................... 11 1640.0314.02 Prenuptial Agreements (MSSI) ...................................................................... 11 1640.0314.03 Assignment of Rights to Support (MSSI) ....................................................... 11 1640.0314.04 Undue Hardship (MSSI) ................................................................................. 12 1640.0315 Assets Available to Spouse after Approval (MSSI) ............................................ 12 1640.0316 Legal Restrictions to Availability (MSSI, SFP).................................................... 12 1640.0318 Legal Restrictions to Availability (MSSI, SFP).................................................... 13 1640.0319 Comatose Individual (MSSI, SFP) ...................................................................... 13 1640.0320 Legally Incompetent Individuals (MSSI, SFP) .................................................... 13 1640.0321 Assets Unavailable - Circumstances Beyond Control (MSSI, SFP) .................. 13 1640.0400 GENERAL DETERMINATION OF ASSET VALUE (MSSI, SFP).......................... 13 1640.0401 Time When Asset Value Affects Eligibility (MSSI, SFP) .................................... 13 1640.0402 Asset Eligibility (MSSI, SFP) .............................................................................. 13 1640.0405 When Asset Value Affects Eligibility (MSSI, SFP) ............................................. 13 1640.0406 Determining Asset Value (MSSI, SFP) ............................................................... 14 1640.0407 Definition of Actual Value (MSSI, SFP) .............................................................. 14 1640.0408 Determining Asset Value (MSSI, SFP) ............................................................... 14