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Title 8: Medicaid Page 84 Iowa Department of Health and Human Services Employees’ Manual Chapter D: Resources General Non-MAGI-Related Resource Policies Revised September 13, 2024 Determining the Value of a Resource When an eligible child is living in the household with an ineligible parent or stepparent, include the parent’s and stepparent’s resources when determining the child’s eligibility unless the stepparent is the only person living with the child. If the child lives with the stepparent and not the biological parent, there is no deeming. Do not deem a parent’s resources to other ineligible children. Do not count or deem resources of ineligible children to the eligible child. The child’s resources are any resources the child owns plus any resources deemed from the parents. Determine the child’s resources independently of the parents’ resources. Consider household goods and personal effects owned by the child separately from those owned by the parents. Do not exclude more than one home and one vehicle for the family. To deem the parents’ resources to a child: 1. Allow the parents all the exclusions for which they would be eligible if they were eligible for Medicaid. Do not deem an ineligible parent’s pension funds if they are controlled by the employer or by the union or are in an IRA or Keogh account. 2. Deduct $2,000 for an individual (if one parent) or $3,000 for a couple (if two parents) before deeming to the child. 3. Deem the remaining countable resources to the child. A child is not eligible if the child’s own resources plus the value of the resources deemed from the parents exceeds the $2,000 resource limit unless the child is eligible under QMB, SLMB, or Medically Needy. See 8-F.