Page 66

Louisiana Medicaid Eligibility Manual Eligibility Factors

Reissued June 9, 2026

Page 66 of I-1630 Replacing September 23, 2024

Revised/added text indicated by underscore

Deleted text indicated by “**” Stocks may be traded:

• On the New York Stock Exchange,

• On the American Stock Exchange, or

• NASDAQ (over-the-counter exchange).

To establish the value of a stock, use the closing price on the last business day of the month prior to application or renewal. This determination of value applies to stocks (common and preferred) as well as to warrants, rights, and options to purchase common stocks.

To establish the value of stock in a privately-owned or closed corporation (not publicly traded), have the applicant/beneficiary provide the value from a knowledgeable source.

Verification

Verify by consulting a newspaper for the closing price on the last business day of the month prior to the month of application or renewal.

If the closing price of a stock is not shown in the next day's newspaper, have the applicant/beneficiary contact a local securities firm to determine its value.

The applicant's statement that a stock is worthless should be supported by a local securities dealer's statement that there is no market for the stock.

**

 Tax Refunds and Advanced Tax Credits

Exclude all Federal tax refunds and advance tax credits from resource counting for a period of 12 months after the month of receipt. Any funds retained as of the first moment of the month following the exclusion period are a countable resource.

 Time Deposits

A time deposit is a contract between an individual and a financial