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UNOFFICIAL 1725.1-6 §§17-1725.1-11 to 17-1725.1-15 (Reserved).

SUBCHAPTER 3

ASSETS TO BE CONSIDERED

§17-1725.1-16 Purpose. This subchapter describes assets which are considered in the determination of eligibility for a MAGI-excepted individual or household. [Eff 09/30/13] (Auth: HRS §346-53) (Imp: HRS §346-53)

§17-1725.1-17 Assets to be considered. The following assets shall be considered in the personal reserve of a MAGI-excepted individual or household and include, but are not limited to: (1) Cash on hand; (2) Cash in savings and checking accounts; (3) Value of stocks and bonds verified by a stock brokerage firm; (4) Value of time deposits and savings certificates verified by the financial institution where the funds are deposited; (5) State tax refunds, including state excise tax credits and state income tax credits; (6) Cash surrender value of a life insurance policy after the subtraction of outstanding loans or encumbrances from the cash value of the policy verified by the insurance company; (7) Value of governmental debenture bonds, such as U.S. savings bonds, treasury notes, or municipal bonds verified by the financial institutions or stock brokerage firms or issuers; (8) Value of mutual fund shares be verified by the stock brokerage firm; (9) Value of burial plots or burial vaults not exempt in section 17-1725.1-26(8) shall be