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Aged, Blind and Disabled Manual Policy Manual Number: 110.050 Section: Financial Eligibility Requirements Chapter: ABD Countable and Excluded Resources
September 1, 2026 Division of TennCare 14 would be deducted from the gross deposit if the funds were withdrawn. See the ABD Treatment of Resources: Ownership, Equity Value & Accessibility policy for treatment of jointly owned CDs. Checking Account Resource Type A personal checking account is countable. Determine the countable portion of the account based on ownership. See the ABD Treatment of Resources: Ownership, Equity Value & Accessibility policy for treatment of jointly owned accounts.
1. A checking account that is used for purposes other than personal use may be excluded on the terms of intended use. Other resource characteristics of a checking account include:
• Burial needs; • Educational Income; • Individual Development Account (IDA); • Plan to Achieve Self Support (PASS); • Prorated as Income; • Business or Self-Employment; • Proceeds from the Sale of a House; • Disaster/Settlement Funds, if excluded by policy; and • SSI/Social Security Administration (SSA) Retroactive Payment. Note: Income tax refunds (including any advance payments), such as the Child Tax Credit, are excluded as a resource for a period of 12 months following receipt. Christmas Club Resource Type The accessible funds of a Christmas Club account are a countable resource minus any fees that may be incurred for withdrawal.
A Christmas Club is a type of savings account designed to help the account holder save money for Christmas. Funds are typically accessible throughout the year, although a fee may be incurred for early withdrawal. Determine any applicable fees or penalties associated with the withdrawal of funds. Subtract this amount from the balance of the Christmas Club to determine the value of the resource.