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COMBINED MEDICAID 402-1 Countable and Excluded Resources Supersedes: CMA 402-1 (01/01/2026) Reference: ARM 37.82.101, .102, .903, 20 CFR 416 Subpart L; 42 CFR 435.601; 42 U.S.C. 1396p; P.L. 109-171; P.L. 109-432 Overview: ABD and Family Medically Needy: the equity value of all resources (real and personal property) the filing/assistance unit owns is countable unless specifically excluded by regulation. Resources the filing/assistance unit has a beneficial interest in are also countable. Inaccessible resources may be excluded. ACA Medicaid programs are not subject to resource tests or limits. Exclusions listed in this section do not apply to property the filing and/or assistance unit does not own. This includes, but is not limited to property owned by or held in: 1. A trust of any kind (whether or not any filing/assistance unit member is a trust beneficiary or a trustor), 2. A corporation of any kind (whether or not any filing/assistance unit member is a corporate shareholder), 3. A partnership of any kind (whether or not any filing/assistance unit member is a partner), 4. A limited liability company of any kind (whether or not any filing/assistance unit member is a member of the company), or 5. Any other legal entity, instrument, device or arrangement of any kind confirming the filing or assistance unit does not own the property. See CMA 402-3 Trust Funds Trust Funds for information regarding trust-owned resources. ACHIEVING A BETTER LIFE EXPERIENCE (ABLE) ACCOUNT: The ABLE Act permits people with disabilities to save money in and withdraw funds from their ABLE accounts (similar to checking and savings) to pay for disability-related expenses, in support of their efforts to maintain health, independence and quality of life. Funds in an ABLE account, including earnings on the account (e.g., interest) are excluded.