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West Virginia Income Maintenance Manual Chapter 5
West Virginia Income Maintenance Manual Page 62 Chapter 5 Assets
Total Vehicle Asset Value = $2,000. The case is asset eligible. SSI Medicaid Groups: One vehicle is excluded as an asset for these coverage groups regardless of value, when it is used for transportation of the AG or a member(s) of the AG’s household. For SSI-related policy, vehicles used for transportation include, but are not limited to, cars, trucks, motorcycles, boats, snowmobiles, animal-drawn vehicles, and animals. A temporarily disabled vehicle, normally used for transportation, also meets the criteria. The following do not meet the definition of a vehicle for SSI-related Medicaid groups: • A vehicle with a junked title • A vehicle only used for recreational purposes, such as a boat or snowmobile When there is more than one vehicle, the vehicle exclusion is always applied in a manner that benefits the AG. The car with the highest value may not be the vehicle used for transportation; however, it may be excluded for that reason, if it is to the AG’s advantage. SSI-Related Medicaid Vehicle Asset Example: Mr. Pine owns a first vehicle with a CMV of $18,000 and his equity is $1,000. He also owns a second vehicle with equity value of $3,640. This amount exceeds the asset limit. Mr. Pine states he uses the first vehicle for transportation. Based on Mr. Pine’s statement, the first car would be excluded for transportation and the equity in the second vehicle would be an asset. However, because the equity in the first vehicle is only $1,000, the second vehicle is excluded for transportation because it is more advantageous to Mr. Pine. • Step 1: Exclusion Based on Use One vehicle is totally excluded, regardless of its value, when it is used for transportation of the AG or a member(s) of the AG’s household. • Step 2: Determining CMV of all non-excluded vehicles. The equity value of any other vehicle(s) that is not excluded in Step 1 is an asset, unless the vehicle(s) is excluded by other policy, such as property essential to self-support. Counted toward the asset limit. Counted toward the asset limit. Counted toward the asset limit.