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ownership/accessibility is successfully rebutted, action must immediately be taken by the applicant/recipient to separate commingled funds, remove the applicant/recipient’s name from the account/resource, or restrict his/her access to the account; whichever may be applicable to the situation. INACCESSIBLE RESOURCES: Do not consider a resource inaccessible simply because it is non-liquid or the client does not have practical access to the resource. A resource may be considered inaccessible if: 1. The resource’s value cannot be accessed for a reason beyond the owner’s control, and they have exhausted all legal avenues to access the resource’s value; or NOTE: Undue hardship may exist if the cost of accessing the resource exceeds the resource’s value. 2. A joint owner refuses to allow the individual to possess the resource (such as a savings bond); or 3. A joint owner lives on the property AND selling the client’s share would make the joint owner homeless; or 4. The client continually lists the resource for sale at no more than FMV for six or more months, AND Continuously listed for sale means: a. A local broker has the property listing; OR b. All the following are met: i. The property is continuously advertised in appropriate local media, AND ii. A ‘For Sale’ sign in posted on the property in clear view, AND iii. Open houses/showings are conducted on a continual basis, AND iv. All other appropriate attempts to sell are continually made. No reasonable offers (2/3 or more of current market value) are received. If an offer of 2/3 of the current market value or higher is received, a new property value is established for Medicaid purposes. NOTE: Before a resource is deemed inaccessible, conditional must be applied to the resource, as appropriate DETERMINING FAIR MARKET VALUE: Fair market value (FMV) is determined in various ways, depending on the resource type. For example, bank accounts and cash values are based on the amount of money on hand or in deposit. CDs and other time deposits are based on the amount that can be withdrawn after early withdrawal penalties (but not after taxes are withheld). Car values are based on NADA (J.D. Power) values or knowledgeable source (e.g., area car dealers) statements. If the vehicle can not be found using NADA (J.D. Power), Kelly Blue Book (KBB) may be used to determine the average trade-in value of the vehicle. Real estate value is based on area realtor/real estate broker statements. Tax appraisals cannot be used to value real estate as the value isn’t necessarily current or based on true sales potential. Other resource types are valued based on knowledgeable source statements or other means that are reasonable and appropriate to the resource type being valued. EQUITY VALUE: