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Indiana Health Coverage Program Policy Manual Chapter 2600 RESOURCES Sections 2600.00.00 – 2640.10.40 Contents 2600.00.00 RESOURCES............................................................................................................ 7

2605.00.00 PRINCIPLES OF RESOURCES .................................................................................... 7 2605.05.00 DEFINITION OF RESOURCES ................................................................................. 7 2605.10.00 OWNERSHIP OF RESOURCES ................................................................................ 8 2605.10.05 JOINT OWNERSHIP OF RESOURCES ...................................................................... 8 2605.10.10 JOINT OWNERSHIP OF VEHICLES .......................................................................... 9 2605.15.00 AVAILABILITY OF RESOURCES ............................................................................. 10 2605.20.00 RESOURCE ELIGIBILITY DATE .............................................................................. 10 2605.25.00 DETERMINING RESOURCE VALUE ....................................................................... 10

2605.25.05 VEHICLE VALUATIONS ........................................................................................ 11 2605.25.10 REAL PROPERTY VALUE ...................................................................................... 11 2605.25.10.05 LIFE ESTATE/REMAINDER VALUE ........................................................................ 12 2605.25.10.10 LIFE ESTATE/REMAINDER TABLES ...................................................................... 13 2605.25.10.15 MINERAL RIGHTS VALUE .................................................................................... 15 2605.30.00 CONVERSION OF RESOURCES ............................................................................. 15 2605.35.00 VERIFICATION OF RESOURCES ............................................................................ 16 2605.40.00 MONITORING OF RESOURCES ............................................................................ 16 2605.45.00 THEFT OF FUNDS ............................................................................................... 16 2610.00.00 RESOURCE LIMITS ................................................................................................ 17 2612.00.00 ASSET VERIFICATION SYSTEM (AVS) ...................................................................... 17

2612.05.00 AVS TIMEFRAMES .............................................................................................. 19 2612.10.00 AVS AND ANNUAL MEDICAID REDETERMINATION ............................................. 20 2612.15.00 THE AVS DISCREPANCY NOTICE AND REBUTTAL PROCESS .................................. 21 2615.00.00 TYPES AND VALUE OF PERSONAL PROPERTY RESOURCES ..................................... 22