Page 2

Aged, Blind and Disabled Manual Policy Manual Number: 110.052 Section: Financial Eligibility Requirements Chapter: ABD Conditional Assistance

November 1, 2016 TennCare 2 • Real property; • Life Estates; • Items of Unusual Value; • Livestock; • Oil and Mineral Rights; • Farm/Business/Other Equipment; and • Vehicles. 4. Liquid Resources A liquid resource is cash or any other form of resource which can be converted to cash within twenty (20) workdays. The following resource types are considered to be liquid resources: • Stocks, bonds, and mutual fund shares; • Checking and savings accounts and time deposits; • United States Savings Bonds and Treasury bills, notes and bonds: • Mortgages and promissory notes; and • Life insurance. 5. Eligibility Period Conditional assistance may be allowed to eligible individuals for up to 3 months while attempting to dispose of excess personal property, and up to 9 months while attempting to dispose of excess real property. An extension of 3 months may be given for good cause of failure to dispose of personal property timely. There is no good cause extension for failure to dispose of real property within 9 months. Good cause exists when circumstances beyond an individual’s control prevent him from maintaining reasonable efforts to sell the property. Examples of good cause may include: • Receiving no offer despite good faith effort to sell, or being prevented from good faith efforts for reasons beyond the individual’s control; • Reliance on a legitimate offer that doesn’t result in a sale; • Escrow begins, but closing doesn’t happen within disposal period; • Being homebound or hospitalized for a prolonged period due to illness or injury, and unable to arrange for someone else to sell the property; or • Joint owner dies and probate delays efforts to sell. Conditional benefits end the earliest of the following: • The property is sold; • Once it’s determined continued reasonable efforts to sell the property ended without good cause; • The individual requests in writing that conditional benefits end; • The individual becomes resource eligible without the property exclusion; or • The applicable conditional benefits eligibility period has ended.