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COMBINED MEDICAID 403-1 Vehicles Supersedes: FMA 403-1 (07/01/02); MA 403-1 (01/01/07) Reference: ARM 37.82.101, .703, 903; 20 CFR 416.1218 Overview: The equity values of all vehicles the filing/assistance unit members own are countable resources unless specifically excluded by policy. All vehicles must be evaluated to determine resource eligibility. OWNERSHIP: If the title of the vehicle lists only one name, the vehicle belongs to that individual, regardless of accessibility. Leased vehicles are not owned by the individual and therefore only need to be documented in case notes. If a vehicle is in the process of being bought or sold, clearly document in case notes verification used to determine ownership. NOTE: One vehicle may be used as a home even if it is also a means of transportation. The vehicle’s equity value is excluded as a resource as long as it is used as a home. When the vehicle is no longer used as a home, the information is updated. JOINTLY-OWNED VEHICLES: If the title lists more than one name, the vehicle is considered jointly-owned. A jointly-owned vehicle is assumed accessible to the client unless he/she can thoroughly explain and verify why it cannot be sold. DETERMINING ACCESSIBILITY: The following guidelines should be used to determine accessibility. 1. If the client has possession of his/her jointly-owned vehicle, the equity value is countable in full regardless of whether or not the other owner(s) agrees to sell the vehicle. NOTE: If a jointly- owned vehicle’s ownership is being considered in a legal proceeding and the owners are prohibited from selling the vehicle, it is considered inaccessible and, therefore, excluded until such time as the applicant/participant can legally sell the vehicle. (Legal prohibition includes, but is not limited to, court injunction and probate which might occur during a divorce action.) 2. If the individual does not have possession, he/she must document why he/she cannot access the vehicle. FAIR MARKET VALUE: