Worker Responsibilities:

Determining Countable Resources

1. Refer to Medicaid Table 8 for information on Countable Resources.

Determining Amount of Resources that Can Be Disregarded Through A Qualified Long Term Care Insurance Partnership Policy

1. Disregard the resources claimed on the Qualified Long Term Care Insurance Partnership Asset worksheet in an amount equal to or less than the benefits paid on behalf of the individual by a Qualified Long Term Care Insurance Partnership policy.

2. Applicant must claim these resources at initial application and then additional resources at review.

3. Additional resources can be exempted as the policy continues to pay towards the long term care services.

Example:

Qualified Long Term Care Insurance Partnership Disregard

Example 1

A Qualified Long Term Care Insurance Partnership policy has paid $50,000 on behalf of John Doe. Mr. Doe has a CD worth $50,000 that was claimed on the Qualified Long Term Care Insurance Partnership Asset worksheet, this amount can be disregarded before testing against the resource standard. Mr. Does is eligible for benefits.

Example 2

A Qualified Long Term Care Insurance Partnership policy has paid $75,000 on behalf of Jane Smith. Mrs. Smith has a savings account worth $75,000 that was claimed on the Qualified Long Term Care Insurance Partnership Resource worksheet. In addition she has real property worth $25,000. The $75,000 can be disregarded, the $25,000 is a countable resource and must be tested against the standard. Mrs. Smith is not eligible for benefits.

Determining Resource Values of Registered Vehicles

1. Use the VIN number of vehicle(s) or the year, make, and model to calculate a value on

Edmund’s https://www.edmunds.com/appraisal/ or on JD Power https://www.jdpower.com/cars .

a. Please note that if the vehicle is 25 years or older these sites may be unable to provide a valuation. Certain vehicle types are unable to be valued through these sites. Whenever a value cannot be calculated one will need to be requested of the client from a reputable dealer.

2. If the vehicle in question is actually a flatbed trailer, use the purchase price, depreciation (10%), and age of the trailer to calculate the value on Academy https://calculator.academy/trailer-value-calculator/ .

a. If this is a different trailer type or all factors needed for the calculation cannot be obtained a valuation will need to be requested of the client from a reputable dealer.