Page 245

2640.05.00 PROPERTY TRANSFERS AFFECTING ELIGIBILITY (S)

The intentional transfer of assets by any member of the AG may result in disqualification of the AG for up to one year from the date of discovery of the transfer. (f39)

The AG may be disqualified if the AG transferred resources within the 3-month period immediately preceding the date of the application or any time after the AG is determined eligible for benefits. The disqualification will occur when the AG transferred resources knowingly for the purpose of qualifying or attempting to qualify for SNAP benefits.

(See Section 2640.05.10 for transfers which do not result in a disqualification.) 2640.05.05 DETERMINING THE PERIOD FOR DISQUALIFICATION (S)

The countable value is calculated by taking the value of the transferred resource and adjusting to that amount which would be considered a resource in the eligibility determination.

For vehicles, that requires a determination of the countable value in excess of the FMV minus the vehicle standard.

EXAMPLE 1:

An AG transferred a vehicle with a FMV of $7000. They also have $500.00 in a bank account and another car (which is used for employment) worth $5500. There are no elderly AG members. They will have a $3000 resource limit. The countable value is: $9000 - $4650 = $4350 (transferred vehicle) Total of $4350 is the countable value.

The $4350 is added to the other resources ($500 bank account and $850 countable value for the other vehicle) to show the total value of $5700. Then the resources standard of $3000 is subtracted from the total value of $5700 to the resultant $2700.

The $700 is used to determine the disqualification period of 6 months.

EXAMPLE 2:

The AG containing an elderly member transferred non-homestead property valued at $6500. The AG has no other resources. They will have a $3000 resource limit.

The countable value is $6500. Other resources are then added to the countable resource (none for this AG). Then subtracts the AG's resource standard of 3000 leaving $3500.

The $3500 is used to determine the period of disqualification which is 9 months.

loading…

Page 245

Official source

2640.05.00 PROPERTY TRANSFERS AFFECTING ELIGIBILITY (S)

The intentional transfer of assets by any member of the AG may result in disqualification of the AG for up to one year from the date of discovery of the transfer. (f39)

(See Section 2640.05.10 for transfers which do not result in a disqualification.) 2640.05.05 DETERMINING THE PERIOD FOR DISQUALIFICATION (S)

The countable value is calculated by taking the value of the transferred resource and adjusting to that amount which would be considered a resource in the eligibility determination.

For vehicles, that requires a determination of the countable value in excess of the FMV minus the vehicle standard.

EXAMPLE 1:

The $700 is used to determine the disqualification period of 6 months.

EXAMPLE 2:

The AG containing an elderly member transferred non-homestead property valued at $6500. The AG has no other resources. They will have a $3000 resource limit.

The countable value is $6500. Other resources are then added to the countable resource (none for this AG). Then subtracts the AG's resource standard of 3000 leaving $3500.

The $3500 is used to determine the period of disqualification which is 9 months.