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Division/Section Family Support Chapter No./Name 4 – Economic Stability (ES) Part No./Name B – Eligibility Factors Section No./Name B-1000-FITAP-SNAP Resources Document No./Name B-1040-SNAP Types Of Resources Effective Date October 1, 2024

4 of 7 B-1040-12-SNAP - PO Individual Retirement Accounts (IRAs) as a Resource

Exempt the value of IRAs.

B-1040-13-SNAP - PO Insurance Settlements

Insurance settlements are considered a lump-sum payment.

B-1040-14-SNAP - PO Joint Accounts

Consider resources as inaccessible to a victim of domestic violence if the resources are jointly owned with a member of the former household and the individual is unable to access the resource because of fear for her safety or because the joint owner will not allow it, etc. The individual must verify the status as a victim of domestic violence and verify that she cannot access the resource for her personal use.

Count the entire value as available to each of the joint owners. Exceptions:

• If the client's name is on another individual’s account for convenience purposes only, the account may be disregarded provided all of the following circumstances exist:

o The client's name was placed on the account to enable the client to transact business for the other individual such as an elderly or disabled parent;

o The client does not contribute to the account, and does not use money from the account for personal needs;

o The client is accountable to the other individual for actions on the bank account; and

o The other individual is contacted and verifies that the money does not belong to the client and may not be used to meet the client's needs.

• If an SSI recipient and a non-SSI recipient, who are members of the same SNAP household, jointly own an account, the account shall be treated as if it were solely owned by the SSI recipient.

B-1040-15-SNAP - PO Keogh Plans as a Resource

Exempt the value of Keogh Plans.

B-1040-16-SNAP - PO Loans as a Resource

All loans, both business and personal, other than deferred repayment educational loans, are counted as resources in the month received even if the household anticipates spending some or all of it in the