Noncountable resource - sustany/dvg GitHub Wiki

Medicaid rules permit some resources to be excluded that would otherwise be counted for purposes of determining Medicaid eligibility . A resource is money as well as something that you own and can turn into cash and is defined in �42 USC �� � 1382b and 1396p(g). Examples of resources are property, stocks, bonds, and bank accounts. �The value of your resources is one of the factors that determines whether you are eligible for SSI benefits.� However, not all resources count for SSI and those are considered non-countable resources. �Some examples of non-countable resources are:

• the home you live in and the land it is on;
• one vehicle, if you or a member of your household use it for transportation;
• household goods and personal effects;
• life insurance policies you own with a combined face value of $1,500 or less;
• burial plots or spaces for you or your immediate family;
• burial funds of up to $1,500 each for you and your spouse's burial expenses;
• property you or your spouse use in a trade or business, or on your job if you work for someone else;
• if you are disabled or blind, money or property you have set aside under a�Plan to Achieve Self-Support (PASS);
• up to $100,000 of funds in an Achieving a Better Life Experience (ABLE) account established through a State ABLE Program.