Page 16

Louisiana Medicaid Eligibility Manual Eligibility Factors

Reissued June 9, 2026

Page 16 of I-1630 Replacing September 23, 2024

Revised/added text indicated by underscore

Deleted text indicated by “**” their benefit directly deposited in their card account. Count direct deposits as income in the month for which it is intended. The balance is considered a resource the first day of the following month.

 Bonds

A bond is:

• A written obligation to pay a sum of money on a future, specified date,

• Not cash but a promise to pay cash,

• A negotiable instrument, and

• Transferable.

Municipal, Corporate, and Government Bonds

A municipal bond is an obligation of a:

• State,

• Locality (county, parish, city, town, village), or

• Special-purpose authority (e.g., a school district).

Corporate bonds include bonds and debentures of private corporations.

U.S. government bonds are distinct from U.S. Savings Bonds as they are transferable obligations issued or backed by an agency of the federal government.

Count the current bond market value.

A municipal or corporate bond must be held until the specified date of maturity for it to be redeemed for the stated value. The current cash value of a bond before maturity is determined by the bond market.