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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 (not all inclusive) REAL PROPERTY (Cont’d)

REAL PROPERTY (Cont'd)

Determine the primary residence accordingly and document in the permanent section of the case file.

The exemption continues to apply when the customer is absent from the home but:

1) Intends to return. If the customer or his authorized representative states in writing the customer intends to return to the home, regardless of whether there is medical evidence showing this is a probability, the home will be exempt; OR representative states in writing the customer intends to return to the home, regardless of whether there is medical evidence showing this is a probability, the home will be exempt; OR

2) The home is occupied by a spouse or dependent

(e.g., financially, medically dependent) relative; OR

3) The home ownership is transferred to a revocable trust.

The transfer of a primary residence by an institutionalized individual, including SSI recipients, must be evaluated for potential transfer of resource penalty.

b. For all non-business property up to $6,000 of the customer’s equity if the property is producing a net annual income of at least 6 percent of the excluded equity. The amount of equity exceeding $6,000 is counted as a resource. Income from this property is counted; OR

c. When the customer verifies the property is for sale at market value AND no offers to purchase have been received (the property must remain for sale while the customer receives assistance), or the property has been sold and escrow has not been completed.

"Good Faith" efforts must be made by or on behalf of the customer in order for property to qualify under this exclusion. These efforts must continue for the exclusion to remain in effect.