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West Virginia Income Maintenance Manual Chapter 5

West Virginia Income Maintenance Manual Page 77 Chapter 5 Assets

5.6.3.A.1 Adults To determine the countable assets of the AG, the assets of spouses, including non-qualified noncitizens, who are living together are combined. Assets of an SSI Medicaid Group recipient and his spouse who lives with him are added together and compared to the asset level for two. 5.6.3.A.2 Children When the child lives with one parent, including a non-qualified non-citizen, and there is no stepparent, all assets of the parent that exceed the asset limit for one person are deemed to the child. The child's assets are then compared to the asset limit for one. When the child is living with both parents, or a parent and stepparent, including a non-qualified noncitizen, assets of the parent(s) and/or stepparent that exceed the limit for two are deemed to the child. The child's assets are compared to the asset limit for one. Child Asset Example: An application for a 10-year-old child is submitted for SSI-Related Medicaid. He is living with his mother, his stepfather, and two minor dependent sisters, none of whom are Medicaid eligible. The child's assets are $500. The combined assets of the mother and stepfather are $4,000. The asset limit for 2 is $3,000. Assets of $1000 are deemed to the child whose total assets are now $1500. The asset limit for one person is used to determine the child's asset eligibility. For CDCSP, only the child’s own assets are counted. 5.6.3.B Jointly Owned Assets The treatment of jointly owned assets depends upon the relationship of the joint owners and whether or not all the joint owners are included in the AG. 5.6.3.B.1 Joint Ownership by Spouses For spouses, joint ownership is not the deciding factor.