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West Virginia Income Maintenance Manual Chapter 5
West Virginia Income Maintenance Manual Page 2 Chapter 5 Assets
Burial spaces include the following: • Headstones, markers, or plaques; • Burial containers for caskets; • Arrangements for opening and closing the gravesite; and • Reasonable maintenance of such spaces. BURIAL TRUST FUNDS Assets placed in a trust fund for burial expenses. CASH SAVINGS The amount of savings or cash-on-hand held by the client or for him by another person. CASH SURRENDER OR CASH-IN VALUE The amount of cash received by the owner of the policy, if redeemed before death of the insured. See LIFE INSURANCE, FACE VALUE, TERM INSURANCE, and WHOLE LIFE INSURANCE. CATEGORICALLY ELIGIBLE SNAP ASSISTANCE GROUP (AG) An AG that is automatically eligible for the SNAP without application of the usual eligibility tests. CERTIFICATE OF DEPOSIT (CD) Funds held in an account that specifies a maturity date. COMMUNITY SPOUSE A spouse living in the community whose spouse is an institutionalized individual. This definition is used when one spouse is applying for long-term care (LTC) benefits and the other spouse is not and is used in conjunction with the definition of institutionalized spouse. CONDITIONAL ELIGIBILITY WV WORKS Only: The period of time during which eligibility is allowed, even though assets exceed the maximum allowable asset limit. CONTINUING CARE RETIREMENT COMMUNITY (CCRC) A residential community, also known as a life care community, which offers services for the remainder of an individual’s life, with a choice of services and living situations, based on changing needs at each point in time. Individuals that enter these communities sign a long-term contract that includes housing, services, and nursing care, usually provided in one location, enabling seniors to remain in a familiar setting as they age. These service and housing packages parallel independent living, assisted living, and skilled nursing facilities. Seniors who are independent may live in a single-family home, apartment, or condominium within the