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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 3 Normal counting rules and exclusions apply to assets or other items purchased with funds from an ABLE account. Documentary evidence of an ABLE account should show the following information: • The name of the designated beneficiary or owner of the account; • The state ABLE program administering the account; • The name of the person who has signature authority (if different from the owner); • The unique account number assigned by the state to the ABLE account; • The date the account was opened; and • The account balance. Annuity Resource Type Annuities are contracts or agreements that, in exchange for a lump sum payment or series of payments, provide income at regular intervals (i.e., monthly, quarterly, annually). Annuities establish a source of income for a future period, and are often used in retirement planning. 1. Definitions Annuitant: The person on whose life the income payments are based. Often, the annuitant is the contract owner and receives the benefits of the contract. Annuity payments may also be based on more than one life or based on a fixed period of time. Annuitization: The process of converting an annuity contract’s value into a guaranteed income stream represented by periodic payments over a specified period of time. Payee: The individual or entity designated by the annuity owner to receive periodic payments. An annuity payee is sometimes referred to as an annuitant; however, a payee may not also be an annuitant. Deferred Annuity: An annuity contract under which payments begin sometime in the future. Immediate Annuity: An annuity contract purchased with a lump sum under which payments begin within a short period, always within 12 months.