MAABD MAABD MAABD MAABD MAABD MAABD MAABD MAABD
E-400
RESOURCES
OVERVIEW
Division of Welfare and Supportive Services
Medical Assistance Manual
24 Jan 22 MTL 01/24
RESOURCES
E-400 OVERVIEW
Resources are excluded in the Medical assistance eligibility determination for MAGI
based eligibility groups.
Resources must be evaluated and verified for MAABD medical assistance
determinations.
Resources are defined as those assets, both real and personal, which an individual owns
and can apply, either directly or by sale, to meet basic needs of food, clothing, shelter,
and medical costs.
Real property is land, including buildings or immovable objects attached permanently to
the land.
Personal property is any property that is not real property. The term encompasses such
things as cash, tools, life insurance policies, mobile homes, automobiles, etc.
Any income which is retained the month following the month of receipt and later, is subject
to resource evaluation.
Resources are evaluated at market value less encumbrances. When the combined value
of all countable resources does not exceed the resource limit, verification of
encumbrances is not necessary.
When the value of countable resources is under the resource limit on any day of the
month, the customer is eligible for that month.
The Asset verification System (AVS) is used to verify resources and is considered verified
upon receipt, unless questionable. If questionable, or if the AVS fails to return
information*, follow regular procedures to obtain verification. AVS is not used for MAABD
programs in which resources are not countable (e.g., individuals who are receiving SSI).
*Not all financial institutions participate in the AVS. If a customer reports a financial
account and it does not return through AVS, follow regular procedures to obtain
verification.
E-405 RESOURCE LIMITS
• Resource limits for home-based waivers and institutional groups are $2,000 for
individuals and $3,000 for couples.
• Resource limits for QMB, SLMB and QI are $9,090 for an individual OR $13,630
for a couple when one OR both spouses are applying. When countable resources
exceed the limit, the customer is ineligible.
• Resource limits for QDWI are $4,000 for an individual or $6,000 for a couple when
one OR both spouses are applying.
• See MAABD Income chart for the spousal impoverishment maximum resource
share that can be transferred to the community spouse of an institutionalized
individual or home and community-based waiver recipient.