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c. Certain stock in Alaska regional or village corporations. Do not include shares of stock held by a native Alaskan in a regional or village corporation as a resource. B. Types of Resources There are three types of resources considered when determining Medicaid eligibility ­ real property, personal property and liquid assets. 1. Real Property Real property includes land and all buildings or dwellings which are permanently affixed to the land. This includes mobile homes if the county tax office considers them to be real property. Verify with the county tax office. 2. Personal Property Personal property includes all personal effects and household goods as well as any types of motor vehicles, boats, trailers or farm and garden equipment. (i.e. mobile homes are considered personal property unless county tax office considers the mobile home to be real property. This can be verified by county tax records or office.) 3. Liquid Assets Liquid assets include cash, bank accounts, certificates of deposit as well as any item that can be converted to cash (i.e. cash value bearing life insurance policy). C. Rebuttal of Resource Value for Real or Personal Property or Promissory Note If the value of the a/b’s total resources exceeds the resource limit the a/b can disagree with and rebut the value of real or personal property or a promissory note. The a/b must be informed via the DHB-5097 or DHB-5097S that he has the right to rebut and prove that the resource has a lesser value. D. Reduction of Resources In addition to rebuttal, the a/b must be given the opportunity to reduce countable resources which exceed the resource limit. See MA-2303, Verification Requirements For Applications and MA-2304, Processing the Application, for application processing standards. A beneficiary may reduce resources within the timely notice time frame. E. Burial Exclusion Up to $1,500 of otherwise countable liquid assets may be excluded for burial purposes. See Item XIII. below. 3