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Questions to Consider •Do you have any investments that have not been cashed in? •Do you have any investments that have not been cashed in? •Are the funds accessible? •At what age are funds able to be accessed? •Is the fund employer controlled?

•Do you own shares in any business or corporation?

5. Property

A Home Real Property Trailer/Manufactured House Definition A property occupied now or previously by the client, spouse or other qualifying relative. Additional pieces of property. i.e., Farm, agricultural land, rental property, saleable time shares.

A housing unit constructed primarily off-site prior to being moved to a piece of property where it is set. Verification Source A Home will be verified electronically if available through the Asset Verification System (AVS).

A copy of the deed.

•Equity value may also need to be requested by the Department in certain situations.

Real Property will be verified electronically if available through the Asset Verification System (AVS).

A copy of the deed.

•Equity value may also need to be requested by the Department in certain situations. A Trailer or Manufactured House will be verified electronically if available through the Asset Verification System (AVS).

A copy of the title. •Equity value may also need to be requested by the Department in certain situations.

When to Verify •At initial application if the home is a countable asset. •If the client reports that they are no longer living in their home. •At initial application. •At renewal applications if changes have occurred. •If the client reports change that affects eligibility. •At initial application. •At renewal applications if changes have occurred. •If the client reports change that affects eligibility.

Exemptions, Disregards and Comments •Under certain circumstances, the client’s home is exempt from consideration as a countable resource. •Tax assessor records or receipt are not verification of ownership. •Moving from the home the client owns to an alternative living situation affects eligibility. •When an applicant or client has excess resources because of real property, he or she may receive Medicaid pending liquidation of the resource. •Tax assessor records or receipt are not verification of ownership. •When an applicant or client has excess resources because of real property, he or she may receive Medicaid pending liquidation of the resource. •Under certain circumstances, the client’s home is exempt from consideration as a countable resource. •Tax assessor records or receipt are not verification of ownership. •Moving from a home the client owns to an alternative living situation effects eligibility. •When an applicant or client has excess resources because of real property, he or she may receive Medicaid pending liquidation of the resource. Questions to Consider •Who is residing in the home? •Has the home been placed for sale? •Where were you living prior to applying for Medicaid? •Do you own properties other than the home you live in/own? •Do you own any farmland or land not being used? •Who is residing in the home? •Has the home been placed for sale? •Where were you living prior to applying for Medicaid?