Page 10

MEDICAID MEDICAID MEDICAID MEDICAID MEDICAID MEDICAID

F-220.4 Division of Welfare and Supportive Services HOME AND COMMUNITY BASED SERVICES Medical Assistance Manual Budgeting Procedures For Financial Eligibility-Form 2203-EM 23 Oct 01 MTL 04/23 customer is eligible under the HCBW category.

If gross countable income exceeds the income limit, the customer is not eligible for the HCBW category.

If gross countable income exceeds the income limit and the customer is married, apply the equal division of income rules. If one-half of countable gross marital income exceeds the income limit, the customer is ineligible for Medicaid.

F-225 RESOURCES

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, but is not limited to, such things as cash, tools, life insurance policies, mobile home, automobiles, bank accounts, etc.

Any income 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.

All resources must be reported.

F-225.1 Ownership/Availability

F-225.1.1 Sole Ownership

Sole ownership of real or personal property means only one person may sell, transfer or otherwise dispose of the property. All of the resource evaluated at market value less encumbrances is available to the customer.

F-225.1.2 Shared Ownership

Shared ownership of real or personal property means two or more people own it simultaneously. The following are common types of shared ownership:

loading…

Page 10

Official source

MEDICAID MEDICAID MEDICAID MEDICAID MEDICAID MEDICAID

If gross countable income exceeds the income limit, the customer is not eligible for the HCBW category.

F-225 RESOURCES

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.

Any income 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.

All resources must be reported.

F-225.1 Ownership/Availability

F-225.1.1 Sole Ownership

F-225.1.2 Shared Ownership

Shared ownership of real or personal property means two or more people own it simultaneously. The following are common types of shared ownership: