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2615.10.15 SAFETY DEPOSIT BOX

The applicant/recipient must present to the eligibility worker a signed statement listing all of the contents of a safety deposit box. The contents must then be evaluated in terms of their countability as a resource. 2615.10.20 COMMINGLED FUNDS (S)

Exempt resources that are kept in a separate account and not commingled in an account with other nonexempt funds shall remain exempt indefinitely.

Resources of students and persons who are self-employed that are exempt as mentioned in Section 2615.90.00 and is commingled in an account with other nonexempt funds shall remain exempt over the period they have been prorated as income.

All other exempt resources that are commingled in an account with other nonexempt funds shall remain exempt for six months from the date they are commingled. After the six months all funds in the commingled account must be counted as a resource. 2615.10.25 COLLEGE SAVINGS ACCOUNTS

College Savings Accounts, such as 529 College Savings Plans, are exempt as resources. 2615.10.30 COVERDELL EDUCATIONAL ACCOUNTS

Coverdell Educational Accounts are exempt as resources. 2615.10.35 ABLE ACCOUNTS

ABLE (Achieving a Better Life Experience) accounts, tax-favored savings accounts established to provide secure funding for disability related expenses on behalf of designated beneficiaries deemed disabled before age 26, are exempt as resources. 2615.15.00 RETIREMENT ACCOUNTS

Retirement accounts are financial plans for providing income when employment ends. They may be in the form of Individual Retirement Accounts (IRAs), Keogh Plans, 401K Plans, pensions, annuities, and work-related plans. Also, some profit-sharing plans may qualify as retirement accounts. Savings accounts, checking accounts and certificates of deposits held at banks or credit unions are not retirement accounts. 2615.15.05 RETIREMENT ACCOUNTS (S)