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MAABD MAABD MAABD MAABD MAABD MAABD MAABD MAABD Division of Welfare and Supportive Services E-410 Medical Assistance Manual RESOURCES 24 Sept MTL 04/24 TYPES OF RESOURCES INDIAN LAND (Cont’d) – INDIVIDUAL DEVELOPMENT ACCCOUNT (IDA)

INDIAN LAND (Cont'd)

Verification: (not all inclusive)

– Tax rolls – Copy of deed – Bureau of Indian Affairs – Customer’s statement

INDIAN MONEY

1. Personal Property

2. Conditional Exclusion

Per capita share payments granted to Western Shoshone Indians pursuant to Public Law 108-270 are an exempt resource.

INDIVIDUAL DEVELOPMENT ACCOUNT (IDA)

1. Earned/Unearned

2. Excluded in Financial

3. Excluded in Patient Liability

Intended to improve the economic independence and stability of individuals and families and to promote and support the transition to economic self-sufficiency. An IDA participant can only deposit earned income into an IDA. Federal funds match the amount of earnings low-income working individuals and families deposit into an IDA. IDA savings are to be used for a first home purchase, post- secondary educational expenses, or business capitalization.

The Social Security Act provides for state family assistance grant funds (i.e., TANF, WtW) to be used to establish IDAs. The Assets for Independence Act (AFIA) provides for IDAs to be established under Head Start, Low Income Home Energy Assistance (LIHEA), and Community Services.

Income in an IDA includes:

- Participant contribution (earned income); - Interest earned on participant earned income contributions; - Matching funds; and - Interest accrued on matching funds.

An individual whose participation in the IDA program has terminated, voluntarily or otherwise, is no longer covered by the resource exclusion.