*** The Health Care Programs Manual (HCPM) has been replaced by the Minnesota Health Care Programs Eligibility Policy Manual (EPM) as of June 1, 2016. Please refer to the EPM for current health care program policy information. ***
Effective: February 1, 2009 |
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Archived: June 1, 2016 (Previous Versions) |
Assets are items of value that people own like bank accounts, stocks and bonds, cars, and real estate.
All Minnesota Health Care Programs (MHCP) limit the amount of assets people can own to be eligible for coverage, although some people may be exempt from those limits, and not all assets are counted against asset limits. There are also rules about what people must do with their assets in order to establish and maintain eligibility for health care programs. Rules about assets and asset limits vary among programs and eligibility groups.
This chapter covers a number of topics related to the impact of assets on health care program eligibility. Refer to the specific manual page for complete information on the following topics:
l Asset Limits.
l Exemptions from asset limits.
l Asset types.
l Burial Fund Exclusion (BFE).
l Asset assessments for married couples.
l Long-term care (LTC) Home Equity Limit.
Not all assets are counted for the purpose of establishing eligibility for health care programs. Assets fall into one of three categories and may fit in one category for one program and different category for another program.
l Countable assets.
Countable assets are not explicitly excluded from being counted against the asset limit for a particular program and are available to the applicant or enrollee. Countable assets are counted against the asset limit when establishing eligibility.
l Excluded assets.
Excluded assets are not counted against the asset limit when establishing eligibility. Excluded assets vary from program to program.
l Unavailable assets.
Unavailable assets are not counted against the asset limit when establishing eligibility. Assets are unavailable if a client is unable to access or use them for self-support and cannot liquidate them.