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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)

SELF-EMPLOYMENT RESOURCES – STOCKS AND BONDS RESOURCE TYPE DESCRIPTION

SELF-EMPLOYMENT RESOURCES

1. Real/Personal Property

2. Conditional Exclusion

Property essential for self–employment/self-support. All property used in a trade or business and all property used by an employee in connection with employment, regardless of the amount of equity an individual has in the property or whether the property is producing a reasonable rate of return (e.g., real property, buildings, inventory, equipment, tools, machinery, vehicles, etc.). The property must be in current use or returned to use (or in the case of a deceased person, was expected to have been returned to use) within one year.

Verification: (not all inclusive)

– Income Tax Records – Business Records – Customer’s statement

SSI/RSDI RETRO PAYMENTS

1. Personal Property

2. Conditional Exclusion

The unspent portion of SSI and RSDI Retroactive payments received on or after 03/02/2004 are excluded from resources for 9 months following the month of receipt. The unspent portion of SSI and RSDI Retroactive payments received before 03/02/2004 are excluded from resources for 6 calendar months following the month of receipt.

Example: A retroactive RSDI payment received in January 2018 is unearned income for January when determining financial eligibility and patient liability. The RSDI retroactive payment is excluded from resources effective February through October.

These payments are no longer excluded when converted to another resource such as stocks, bonds, etc.

Verification: (not all inclusive)

– SSA Award Letter – Verify how the resources are held

STOCKS AND BONDS

1. Personal Property

2. Conditional Exclusion (Stocks Only) Shares of stock represent ownership in a business corporation. Their value shifts with demand and may fluctuate widely. Exclude shares of stock which cannot be sold.