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Title 8: Medicaid Page 130 Iowa Department of Health and Human Services Employees’ Manual Chapter D: Resources Specific Non-MAGI-Related Resources September 13, 2024 Self-Employment Property and Resources
Self-Employment Property and Resources (Cont.) 2. Mr. and Mrs. W are farmers. They apply for Medically Needy and list livestock, a tractor, a combine, a car, two trucks, and a bank account as necessary for self- employment. All of the resources are determined to be necessary for self-employment, and are not counted. Social Services 20 CFR 416.1201, P. L. 101-508 Exclude payments for social service expenses for the month of receipt and the month after the month of receipt. If the funds are a reimbursement for bills previously paid by the applicant or member, count them as a resource in the month after receipt. Third-Party Medical Payments 20 CFR 416.1201, 20 CFR 416.1210, P. L. 101-508 Do not count funds received to pay for a medical service, such as Veterans unusual medical expense payments. These funds are exempt as a resource in the month of receipt and the month after the month of receipt. If the funds are repayment for bills the client already paid, count the funds as a resource the month after receipt. Vehicles 20 CFR 416.1218 A vehicle is any device used to provide transportation, such as cars, trucks, motorcycles, boats, animals, animal-drawn devices, mopeds, etc. Vehicles can be unregistered or in need of repair, as long as the vehicle is used for transportation. Treat vehicles as follows:
1. Exclude one vehicle as a resource regardless of value if it is used for transportation of the individual or a member of the individual’s household.
2. If the individual owns more than one automobile, apply the exclusion as follows:
a. Apply the exclusion in the manner most beneficial to the individual.
b. Apply the total exclusion to the vehicle with the greatest equity value if the eligible individual owns more than one vehicle used for transportation of the individual or a member of the individual’s household.