Page 76

COMAR 10.09.24.01-.16 1676 State of Maryland Medical Assistance Manual Revised July 2012

F. The Department or its designee shall require an accounting and reasonable documentation, consisting of convincing testimony or other evidence, of the disposal of previously held resources within 30 months before the month of application to assure that the resources are no longer available and the disposal meets the requirements of this regulation. G. Excludable Resources for Aged, Blind, or Disabled Noninstitutionalized Individuals and Aged, Blind, or Disabled Institutionalized Individuals Who Intend to Return Home. The following resources are excluded in determining financial eligibility for aged, blind, or disabled noninstitutionalized individuals and for an aged, blind, or disabled institutionalized individual who intends to resume living in the individual's home: (1) The home, as defined under §B(7) of this regulation, unless the person is institutionalized and has a life estate interest with full powers in the home. (2) Income-Producing Property. (a) Income-producing property associated with the home includes farm machinery, business equipment, vehicles, special tools, farm animals, and livestock related to self-support activities. The property shall be excluded if the total equity value of these resources does not exceed the limit set forth in §G(2)(c) of this regulation and the resource produces a net annual return of at least 6 percent of the equity. (b) Income-producing property not associated with the home includes land, buildings, farm machinery, business equipment, vehicles, special tools, farm animals and livestock related to self- support activities. This property shall be excluded if the total equity value of these resources does not exceed the limit set forth in §G(2)(c) of this regulation and the resource produces a net annual return of at least 6 percent of the equity. (c) $6,000 Equity Value Exclusion. A $6,000 equity value exclusion applies to the combined equity value of resources in §G(2)(a) and (b) of this regulation. The exclusion does not apply to each individual property. (d) Limitations on Equity Value Exclusion. (i) The full equity value of each property not producing a net annual return of 6 percent will be a countable resource. (ii) The combined equity value in excess of $6,000 of all properties producing an individual net annual return of 6 percent will be a countable resource. (3) Household Goods and Personal Effects. (a) Household Goods. (i) Household goods include those items of personal property customarily found in the home and used in connection with the maintenance, use, and occupancy of the premises as a home and in the functions and activities of home and family life, as well as those items which are for comfort and accommodation.