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MAABD MAABD MAABD MAABD MAABD MAABD MAABD MAABD E-400 Division of Welfare and Supportive Services RESOURCES Medical Assistance Manual OVERVIEW – RESOURCE LIMITS 24 Sept MTL 04/24

RESOURCES

E-400 OVERVIEW

Resources are excluded in the Medical assistance eligibility determination for MAGI based eligibility groups.

Resources must be evaluated and verified for MAABD medical assistance determinations.

Resources are defined as those assets, both real and personal, which an individual owns and can apply, either directly or by sale, to meet basic needs of food, clothing, shelter, and medical costs.

Real property is land, including buildings or immovable objects attached permanently to the land.

Personal property is any property that is not real property. The term encompasses such things as cash, tools, life insurance policies, mobile homes, automobiles, etc.

Any income which is retained the month following the month of receipt and later, is subject to resource evaluation.

Resources are evaluated at market value less encumbrances. When the combined value of all countable resources does not exceed the resource limit, verification of encumbrances is not necessary.

When the value of countable resources is under the resource limit on any day of the month, the customer is eligible for that month.

The Asset verification System (AVS) is used to verify resources and is considered verified upon receipt, unless questionable. If questionable, or if the AVS fails to return information*, follow regular procedures to obtain verification. AVS is not used for MAABD programs in which resources are not countable (e.g., individuals who are receiving SSI).

*Not all financial institutions participate in the AVS. If a customer reports a financial account and it does not return through AVS, follow regular procedures to obtain verification.

E-405 RESOURCE LIMITS

• Resource limits for home-based waivers and institutional groups are $2,000 for individuals and $3,000 for couples.

• Resource limits for QMB, SLMB and QI are $9,430 for an individual and $14,130 for a couple when one OR both spouses are applying. When countable resources exceed the limit, the customer is ineligible.

• Resource limits for QDWI are $4,000 for an individual and $6,000 for a couple when one OR both spouses are applying.

• See MAABD Income chart for the spousal impoverishment maximum resource share that can be transferred to the community spouse of an institutionalized individual or home and community- based waiver recipient.