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West Virginia Income Maintenance Manual Chapter 5

West Virginia Income Maintenance Manual Page 84 Chapter 5 Assets

5.7.1.C Clients If a client transfers an asset, the AG is disqualified from participation for up to one year from the date the transfer is discovered. 5.7.1.D Length of Disqualification The length of the disqualification period is based on the amount by which the client's total retained assets and those transferred exceed the appropriate asset limit. The chart below is used to determine the disqualification period: Amount in Excess of the Asset Limit Disqualification Period 0 – 249.99 1 month 250 – 999.99 3 months 1,000 – 2,999.99 6 months 3,000 – 4,999.99 9 months 5,000 – and up 12 months

Length of Disqualification Example 1: If a one-person AG, with a bank account of $2,175, transfers bonds with a cash value of $1,000. The $2,175 bank account plus $1,000 in bonds equals $3,175. Subtract the $3,000 asset limit from this amount to arrive at $175. Use the $175 to determine the disqualification period. The disqualification period begins as follows: • Application: The month of application. • Active Case: With the first issuance after discovery, or the following month after the adverse action period. • Closed Case: If the transfer occurs prior to closure, disqualification begins when the AG reapplies and is found otherwise eligible. If the transfer occurs after closure, the client is treated the same as any other applicant upon reapplication.

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Page 810

Official source

West Virginia Income Maintenance Manual Chapter 5

West Virginia Income Maintenance Manual Page 84 Chapter 5 Assets

5.7.1.C Clients If a client transfers an asset, the AG is disqualified from participation for up to one year from the date the transfer is discovered. 5.7.1.D Length of Disqualification The length of the disqualification period is based on the amount by which the client's total retained assets and those transferred exceed the appropriate asset limit. The chart below is used to determine the disqualification period: Amount in Excess of the Asset Limit Disqualification Period 0 – 249.99 1 month 250 – 999.99 3 months 1,000 – 2,999.99 6 months 3,000 – 4,999.99 9 months 5,000 – and up 12 months

Length of Disqualification Example 1: If a one-person AG, with a bank account of $2,175, transfers bonds with a cash value of $1,000. The $2,175 bank account plus $1,000 in bonds equals $3,175. Subtract the $3,000 asset limit from this amount to arrive at $175. Use the $175 to determine the disqualification period. The disqualification period begins as follows: • Application: The month of application. • Active Case: With the first issuance after discovery, or the following month after the adverse action period. • Closed Case: If the transfer occurs prior to closure, disqualification begins when the AG reapplies and is found otherwise eligible. If the transfer occurs after closure, the client is treated the same as any other applicant upon reapplication.