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Chapter: 1600 Assets Program: MSSI, SFP 41

6. All student financial assistance received under Title IV of the Higher Education Act of 1965, or under Bureau of Indian Affairs (BIA) student assistance programs is excluded from income and assets, regardless of use. Examples of Title IV Programs include, but are not limited to: Pell grants, State Student incentives, Academic Achievement Incentive Scholarships, Supplemental Educational Opportunities grants, Upward Bound, work- study programs.

7. Any portion of a grant, scholarship, loan, gift or fellowship received by an individual to pay the costs of tuition, fees or other necessary educational expenses.

8. German, Japanese, or Aleutian reparation payments.

9. Any increase in the value of excluded burial funds that are left to accumulate.

10. Netherlands reparation payments based on Nazi persecution during World War II.

11. Austrian Reparation Payments made under Sections 500-506 of the Austrian General Social Insurance Act.

12. Payments made to class members under the Factor VIII of IX Concentrate Blood Products lawsuit settlement. This exclusion applies only to the extent that funds are kept separate and identifiable.

13. Payments received under the Crime Victim Compensation Program that offers compensation to victims and survivors of victims of criminal violence, including drunk driving and domestic violence (P.L. 103-322).

14. Payments made to individuals under the Energy Employees Occupational Illness Compensation Program (EEOICP) Act of 2000 (Public Law 106-398).

15. Achieving a Better Life Experience (ABLE) accounts which are established for individuals who meet the Social Security Administration’s definition of disabled or the individual has a certification of disability from their physician prior to age 26. Verification must be requested if:

a. questionable, or b. value of ABLE account exceeds $100,000, or c. value of combined assets exceeds the program limit.

Note: In order for these payments and benefits to be excluded from resources, such funds must be segregated and not commingled with other countable resources so that the excludable funds are identifiable. 1640.0594 Long-Term Care Insurance Partnership Payments (MSSI) This policy applies to the Medicaid Institutional Care Program (ICP), Home and Community Based Services, Hospice, and Program for All-inclusive Care for the Elderly.

An individual who is a beneficiary of a qualified state Long-Term Care (LTC) Insurance Partnership Policy will have a portion of their total countable resources disregarded when evaluating their Medicaid eligibility for the programs listed above. The disregarded portion is equal to the actual amount of LTC insurance partnership benefits paid out to or on behalf of the individual by the company. The resource disregard will continue to apply for the duration of the individual’s Medicaid coverage.

For example, an individual has countable resources of $61,000 and reports that his LTC Insurance Partnership Policy paid out $60,000 toward his nursing home bill. The individual’s