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286 (07/2026) Chapter 2:Eligibility • Section 5: Financial eligibility For all programs except HSD medical: • If an annuity is a countable resource under this rule, the cash value is equal to the amount of money used to establish the annuity, plus any additional payments used to fund the annuity, plus any earnings, minus any regular payments already received, minus any early withdrawals and minus any surrender fees. • If an annuity is not counted as a resource, payments from the annuity are counted as unearned income to the payee. For HSD medical programs and MSP, resources are not considered in the eligibility determination. Oregon Administrative Rule(s) 461-145-0020 — Annuities; Not OSIPM 461-145-0022 — Annuities; OSIPM 461-145-0380 — Pension and Retirement Plans 410-200-0015 (54) and (55) — General Definitions 414-175-0035 — Specific Financial Requirements Bank account A bank account includes a money market account and an account in a financial institution. Accounts in financial institutions for stocks, bonds and certificates of deposit (CDs) are covered under Stocks, bonds and other securities. Money in a bank account belonging to one or more members of the financial group is counted as a resource per Availability of resources, unless excluded in this or any other section. Money in a bank account is excluded as a resource when: • In an approved account excluded under OAR 461-145-0025 • A burial fund excluded under OAR 461-145-0040 or 414-175-0035 • A designated bank account is an excluded asset for OSIPM-IC if:
The account is designated to receive program benefits by direct deposit through electronic funds transfer, and
The benefit funds are not commingled with other assets of the participant. • Funds from excluded income are excluded as a resource under OAR 461-140-0070 or 414-175-0030 • Funds are an individual education account if excluded under OAR 461-145-0145 • Money for a plan for self-support is excluded under OAR 461-145-0405 or 414-175-0035 • Proceeds from the sale of a home are excluded as a resource under OAR 461-145-0460 or 414-175-0035. Treat bank accounts held jointly with people not in the financial group as follows: • For SNAP, count all funds in the account unless the participant proves some or all are not available. Count the available amount. • For all other programs, count only those funds contributed to the account by the participant. Exclude other