Page 38
Louisiana Medicaid Eligibility Manual Eligibility Factors
Reissued June 9, 2026
Page 38 of I-1630 Replacing September 23, 2024
Revised/added text indicated by underscore
Deleted text indicated by “**” from countable resources for a period of nine months after the month of receipt.
Bob Dean Unspent Settlement Funds
Disregard from resources unspent funds received as a class member of the settlements from Nancy Anderson, et al. v Bob Dean Jr., et al.,34th Judicial District Court, Parish of Jefferson, No. 820-839.
NOTE: If Bob Dean Settlement funds are commingled with countable funds, assume countable funds are spent first.
Mortgages and Promissory Notes
A mortgage is a pledge of a particular property:
• For the payment of a debt, or
• For the performance of some other obligation within a prescribed time period.
Mortgages may be held on real estate or personal property other than real estate. Mortgages on real estate deal with land and buildings. Mortgages on personal property other than real estate (e.g., crops, fixtures, and inventory) are called chattel mortgages.
A promissory note is a written unconditional promise signed by the person who promises to pay a specified sum of money:
• At a specified time, or
• On demand to the person, company, corporation or institution named on the note.
The mortgage or promissory note must meet the following criteria:
• The repayment term must be actuarially sound;
• Payments must be made in equal amounts during the term of the loan with no deferral of payments and no balloon payments; and