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Title 8: Medicaid Table of Contents Chapter D: Resources Revised September 13, 2024 Page 2 Page Iowa Department of Health and Human Services Employees’ Manual Resource Eligibility of Non-MAGI-Related Children ............................................................ 71 General Non-MAGI-Related Resource Policies .................................................................... 73 Non-MAGI-Related Resource Limits ................................................................................ 73 What Resources to Count ................................................................................................ 75 Nonliquid Resources ................................................................................................ 75 Liquid Resources ...................................................................................................... 76 Joint Ownership of Real Property ..................................................................................... 78 Disputed Ownership ......................................................................................................... 79 Determining the Value of a Resource ............................................................................... 80 Deeming Resources ......................................................................................................... 82 Deeming From a Spouse .......................................................................................... 82 Deeming From a Parent to a Child ........................................................................... 83 Eligibility While Trying to Sell a Nonliquid Resource......................................................... 85 Long-Term Care Asset Preservation ................................................................................ 86 Exempt Resources for Medicaid for Employed People With Disabilities .......................... 88 Specific Non-MAGI-Related Resources ................................................................................ 90 ABLE Account .................................................................................................................. 90 AIDS/HIV Settlement Payments ....................................................................................... 91 Annuities ........................................................................................................................... 92 Burial Contracts ................................................................................................................ 93 Burial Funds ..................................................................................................................... 98 Burial Funds’ Increase in Value ...................................................................................... 101 Burial Space ................................................................................................................... 102 Child Tax Credit .............................................................................................................. 102 Continuing Care Retirement and Life Care Community Entrance Fees ......................... 103 Dedicated Accounts ........................................................................................................ 103 Disaster Assistance ........................................................................................................ 103 Earned Income Credit ..................................................................................................... 104 Educational Assistance .................................................................................................. 104 Emergency Energy Conservation Assistance ................................................................. 105 Food Programs ............................................................................................................... 106 Gifts Made Under Uniform Gift Act ................................................................................. 106 Household Goods and Personal Effects ......................................................................... 106 Housing Assistance Provided by HUD or FMHA ............................................................ 107 Income Tax Refunds ...................................................................................................... 107 Individual Development Accounts .................................................................................. 108 Indian Assistance ........................................................................................................... 108 Insurance (Death Benefits) ............................................................................................. 108 Insurance (Life) .............................................................................................................. 108 Insurance (VA Term Life) ............................................................................................... 111 Life Estates or Remainderman Interest .......................................................................... 112 Loans and Promissory Notes ......................................................................................... 117