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MAABD MAABD MAABD MAABD MAABD MAABD MAABD MAABD E-410 Division of Welfare and Supportive Services RESOURCES Medical Assistance Manual TYPES OF RESOURCES (not all inclusive) 24 Sept MTL 04/24 REVERSE MORTGAGE – SELF-SUPPORT RESOURCES RESOURCE TYPE DESCRIPTION

REVERSE MORTGAGE

1. Personal Property

2. Counted

Payments received from a reverse mortgage are exempt income in the month received. Any portion of the payments retained the month following the month of receipt is considered a countable resource.

Evaluate for potential transfer of assets.

SAFE DEPOSIT BOXES

Safe deposit boxes may contain copies of deeds, insurance policies, money and other countable resources. The customer’s statement on the application as to the contents may be taken unless questionable. If the contents are questionable, they must be verified.

Exception: If the contents are questionable or unknown, and there is no way to verify the contents because the customer is incapable of opening the box and there is no other way to verify the contents, the contents will be considered inaccessible.

Verification: (not all inclusive)

– The case manager viewing the contents – A written statement verifying the contents

SELF-SUPPORT RESOURCES

1. Real/Personal Property

2. Conditional Exclusion

Resources necessary to fulfill a Plan for Achieving Self– Support (PASS) for the blind and disabled as long as the plan remains in effect. The plan must be an individual plan, in writing, approved by the Social Security Administration.

Verification: (not all inclusive)

– Written documents from the Social Security

Administration