Page 3

Chapter: 1600 Assets Program: MFAM iii

1640.0568 Stock in a Close Corporation (MSSI, SFP) ........................................................ 31 1640.0569 Alaskan Native Stock (MSSI, SFP) .................................................................... 32 1640.0570 Mutual Fund Shares (MSSI, SFP) ...................................................................... 32 1640.0571 Bonds (MSSI, SFP) ............................................................................................ 32 1640.0572 Savings Bonds (MSSI, SFP) .............................................................................. 32 1640.0576.01 Trusts (MSSI, SFP) ........................................................................................ 33 1640.0576.02 How to Analyze Trusts (MSSI, SFP) .............................................................. 34 1640.0576.03 Trusts Set Up By Others (MSSI, SFP) ........................................................... 34 1640.0576.04 Medicaid Qualifying Trusts before 10/1/93 (MSSI, SFP) ............................... 34 1640.0576.05 Exceptions for Trusts before 10/1/93 (MSSI, SFP) ........................................ 34 1640.0576.06 Undue Hardship/Trusts Set Up before 10/1/93 (MSSI, SFP) ........................ 35 1640.0576.07 Trusts Established On or After 10/1/93 (MSSI, SFP) .................................... 35 1640.0576.08 Exceptions for Trusts Set Up 10/1/93 or Later (MSSI, SFP) ......................... 36 1640.0576.09 Treatment of Qualified Disabled Trusts (MSSI, SFP) .................................... 37 1640.0576.10 Undue Hardship/Trusts Set Up 10/1/93 or Later (MSSI, SFP) ...................... 37 1640.0576.11 Verification of Trusts (MSSI, SFP) ................................................................. 37 1640.0577 Real Property (MSSI, SFP) ................................................................................ 38 1640.0578 Real Estate (MSSI, SFP) .................................................................................... 38 1640.0581 Value of Real Property (MSSI, SFP) .................................................................. 38 1640.0582.01 Verification of Real Property Value (MSSI, SFP) ........................................... 38 1640.0582.02 Knowledgeable Sources (MSSI, SFP) ........................................................... 39 1640.0582.03 Obtaining Correct Verification of FMV (MSSI, SFP) ...................................... 39 1640.0583 Vehicles (MSSI, SFP) ......................................................................................... 39 1640.0591 Automobile (MSSI, SFP) .................................................................................... 39 1640.0592 Verification of Vehicle Value (MSSI, SFP) ......................................................... 40 1640.0593 Assets Excluded by Federal Law (MSSI, SFP) .................................................. 40 1640.0594 Long-Term Care Insurance Partnership Payments (MSSI) ............................... 41 1640.0595 Continuing Care Entrance Fee (MSSI) ............................................................... 42 1640.0600 TRANSFER OF ASSETS (MSSI) ........................................................................... 43 1640.0606 Transfer of Assets and Income (MSSI) .............................................................. 43 1640.0607 How to Determine if a Transfer Penalty Applies (MSSI) .................................... 44 1640.0608 Transfer Look-Back Period (MSSI) .................................................................... 44 1640.0609.01 Identifying Potential Transfers of Assets or Income (MSSI) .......................... 44 1640.0609.02 Transfers to Annuities Prior to 11/1/07 (MSSI) .............................................. 44 1640.0609.03 Transfers to Annuities on or After 11/1/07 (MSSI) ......................................... 45 1640.0609.04 Allowable Transfers - Homestead Property (MSSI) ....................................... 47 1640.0609.05 Allowable Transfers (MSSI) ........................................................................... 47 1640.0609.06 Definition of Disability (MSSI)......................................................................... 48 1640.0609.07 Definition of “For the Sole Benefit of” (MSSI) ................................................. 48 1640.0609.08 Promissory Notes Signed On or After 11/1/07 (MSSI, SFP) ......................... 49 1640.0610 Interspousal Transfers after Approval (MSSI) .................................................... 49 1640.0611 Transfers by Community Spouse (MSSI) ........................................................... 50 1640.0612 Assets Transferred Due to Court Ordered Support (MSSI) ............................... 50 1640.0613 Processing Transfer Cases (MSSI) .................................................................... 50 1640.0613.01 Property Transferred and Life Estate Retained (MSSI) ................................. 51 1640.0613.02 Purchase of Life Estate (MSSI) ...................................................................... 52 1640.0614.01 Value of Compensation Received (MSSI) ..................................................... 52 1640.0614.02 Compensation in Cash (MSSI) ...................................................................... 52 1640.0614.04 Compensation in Support or Services (MSSI) ............................................... 52 1640.0615 Uncompensated Value/Notifying the Individual (MSSI) ..................................... 53 1640.0616 Rebuttal of Presumption (MSSI) ......................................................................... 53 1640.0617 Undue Hardship (MSSI) ..................................................................................... 54 1640.0618 Period of Ineligibility (MSSI) ............................................................................... 54 1640.0619 Uncompensated Value Months (MSSI) .............................................................. 55 1640.0620 Adjustments to Penalty Period (MSSI) ............................................................... 56