Converting Assets 510-05-70-35

(Revised 1/03 ML #2833)

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A Medicaid unit may convert an asset of one type to another. The asset acquired after such a sale or conversion continues to be treated as an asset. However, it is subject to the asset limits , exemptions, and exclusions applicable to the type of asset into which it has been converted.

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Converting Assets 510-05-70-35

Official source

(Revised 1/03 ML #2833)

View Archives

A Medicaid unit may convert an asset of one type to another. The asset acquired after such a sale or conversion continues to be treated as an asset. However, it is subject to the asset limits , exemptions, and exclusions applicable to the type of asset into which it has been converted.