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West Virginia Income Maintenance Manual Chapter 5

West Virginia Income Maintenance Manual Page 12 Chapter 5 Assets

5.3 COMMON INFORMATION 5.3.1 ESTABLISHING DATE OF ASSET ELIGIBILITY 5.3.1.A Supplemental Nutrition Assistance Program (SNAP) The asset determination must be made as of the date of application. If the assistance group (AG) is not determined categorically eligible, and the AG’s countable assets exceed the limit on the date of application, the application must be denied. However, the application may subsequently be approved beginning with the date the AG is determined asset eligible, providing all other eligibility requirements are also met as of that date. The Worker must record the reason for denial and any subsequent approval. 5.3.1.B Supplemental Security Income (SSI) Medicaid Groups The SSI Medicaid Groups include: SSI-Related Medicaid, CDCSP, PAC, QDWI, QMB, SLIMB, and QI1. The asset eligibility determination for these applications must be made as of the first moment (defined as 12:00 a.m. of the first day) of the month of eligibility. The client is not eligible for any month in which countable assets are in excess of the limit, as of the first moment of the month. Increases in countable assets during one month do not affect eligibility unless retained into the first moment of the following month. SSI Medicaid Asset Eligibility Determination Example 1: Mr. Rose applies for SSI-Related Medicaid on April 21. On April 1, he had a savings account of $1,500 and two automobiles: a vehicle that he used for obtaining medical treatment and a second vehicle valued at $575. His total assets on April 1 were $2,075. He advises the Worker that on April 10, he withdrew $125 from his savings account to pay for automobile repairs. Even though on April 10 his assets decreased to $1,950, which is under the $2,000 asset limit, his assets as of the first moment of the month were in excess of the asset limit; therefore, he is not eligible.