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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 44 inaccessible and it is determined the availability of the asset provisions apply.
• Deceased died intestate (without a will): Collect the following information and submit it to the TennCare Eligibility Policy Unit with a request for assistance in determining the value and availability of the individual’s interest in unprobated property:
o Copies of deeds or titles to all properties owned by the deceased; o Description of other items owned by the deceased, e.g. motor vehicles; o The individual’s relationship to the deceased; o The date of the deceased’s death; and o The number of surviving relatives and their relationship to the deceased.
Qualified Tuition Savings Plan (529 Plans) Resource Type A Qualified Tuition Savings Plan, also known as a 529 plan, is a special savings plan operated by a state or educational institute. A 529 plan is intended to make it easier for an individual to save money for higher education. A 529 plan acts like a savings account, from which the account owner can withdraw funds at any time. The funds in a 529 plan are a countable resource to the individual who owns the account, minus any early withdrawal penalties. Funds distributed to a beneficiary and used or set aside for educational expenses are excluded as income in the month of receipt, and if retained into the month following the month of receipt, excluded for 9 months as a resource.
Retirement Accounts and Pension Funds Resource Type Retirement accounts and pension funds are work-related plans established for providing income when an individual retires.
General Rule
Retirement accounts and pension funds owned by an individual are resources if the individual has the option of withdrawing funds in a lump sum. The value of a retirement account or pension fund is the amount of money the individual can currently withdraw less any early withdrawal penalty.