Page 752

West Virginia Income Maintenance Manual Chapter 5

West Virginia Income Maintenance Manual Page 26 Chapter 5 Assets

the SSA criteria for a dedicated account. The exclusion continues after the SSI recipient reaches age 18, as long as the account remains a dedicated account. • If the funds are commingled with any other funds, except accumulated earnings or interest from the account, the exclusion does not apply to any portion of the account. For SNAP see Section 5.6.1. 5.5.4.C HUD FSS Escrow Accounts and Individual Development Accounts (IDA) Funds in either a Housing and Urban Development (HUD) Family Self-Sufficiency (FSS) Escrow Accounts or an IDA, as well as any disbursements made prior to program completion, are excluded. Any disbursement made upon completion of the program is treated as a lump-sum payment. 5.5.4.D TANF-Funded and Demonstration Project IDAs Both Temporary Assistance for Needy Families (TANF)-funded and demonstration project IDAs are excluded by federal law for all programs.

5.5.5 BONDS – U.S. SAVINGS The cash-in value is counted. SSI Medicaid Groups: A U.S. Savings Bond is not an asset during its six-month minimum retention period. As of the first moment of the seventh month, the bond is considered an asset. If an individual receives a bond as a gift, see Section 4.3, U.S. Savings Bonds. SNAP WVW, AFDC-Related SSI Groups No* No* No* SNAP WVW, AFDC-Related SSI Groups No No No SNAP WVW, AFDC-Related SSI Groups Yes Yes Yes*