Page 736

West Virginia Income Maintenance Manual Chapter 5

West Virginia Income Maintenance Manual Page 10 Chapter 5 Assets

UNDUE HARDSHIP COMMITTEE A standing committee comprised of representatives from West Virginia Bureau for Medical Services (BMS) Policy Unit that determines if an individual’s denial for Medicaid LTC Services should be waived due to the individual’s Undue Hardship condition as defined above. UNDUE HARDSHIP PROVISION This provision only applies to individuals who are denied Medicaid LTC Services due to the application of the excessive home equity, transfer of asset to a non-permissible trust, and/or a transfer of assets penalty. The individual must be otherwise eligible for LTC Services. UNIFORM GIFTS TO MINORS ACT (UGMA) The State law that allows an irrevocable gift of money or property, made to a minor, to be tax- free. This may also be referred to as Uniform Transfer to Minors Act (UTMA). VEHICLE A car, truck, motorcycle, motor scooter, or a camper when the living section of the camper is a permanent part of the motorized section. To be considered a vehicle, it must require licensing to operate on public roadways, not necessarily be licensed. ATVs are treated as recreational vehicles, not as vehicles. WHOLE LIFE INSURANCE Insurance policies that have a cash surrender value. See LIFE INSURANCE, CASH SURRENDER OR CASH-IN VALUE, FACE VALUE, and TERM INSURANCE.

loading…

Page 736

Official source

West Virginia Income Maintenance Manual Chapter 5

West Virginia Income Maintenance Manual Page 10 Chapter 5 Assets

UNDUE HARDSHIP COMMITTEE A standing committee comprised of representatives from West Virginia Bureau for Medical Services (BMS) Policy Unit that determines if an individual’s denial for Medicaid LTC Services should be waived due to the individual’s Undue Hardship condition as defined above. UNDUE HARDSHIP PROVISION This provision only applies to individuals who are denied Medicaid LTC Services due to the application of the excessive home equity, transfer of asset to a non-permissible trust, and/or a transfer of assets penalty. The individual must be otherwise eligible for LTC Services. UNIFORM GIFTS TO MINORS ACT (UGMA) The State law that allows an irrevocable gift of money or property, made to a minor, to be tax- free. This may also be referred to as Uniform Transfer to Minors Act (UTMA). VEHICLE A car, truck, motorcycle, motor scooter, or a camper when the living section of the camper is a permanent part of the motorized section. To be considered a vehicle, it must require licensing to operate on public roadways, not necessarily be licensed. ATVs are treated as recreational vehicles, not as vehicles. WHOLE LIFE INSURANCE Insurance policies that have a cash surrender value. See LIFE INSURANCE, CASH SURRENDER OR CASH-IN VALUE, FACE VALUE, and TERM INSURANCE.