Page 65

Louisiana Medicaid Eligibility Manual Eligibility Factors

Reissued June 9, 2026

Page 65 of I-1630 Replacing September 23, 2024

Revised/added text indicated by underscore

Deleted text indicated by “**”

 Safe Deposit Boxes

Count the value of any countable resource contained in a safety deposit box. Advise the applicant/beneficiary not to open the box until the contents can be verified.

Contents of a safety deposit box may be verified by:

• Written verification from the financial institution, or

• Sworn statements from third parties who view the contents.

Note: The applicant/beneficiary's statement of the contents is not acceptable verification/documentation.

If the applicant/beneficiary is unable to provide verification, at the request of the applicant/beneficiary the agency representative may accompany them to the financial institution and view the contents of the safety deposit box.

 Saving Bonds

Refer to Bonds.

 Savings Certificates

Refer to Time Deposits.

 Stocks

Shares of stock represent ownership in a corporation.

Most stocks, for incorporation purposes, are assigned a certain value known as "par value". Par value has no relation to the actual market value of a stock. The value of a stock is normally determined by the demand for it when it is bought and sold. As a result of trading, the value of stocks varies from day to day.