*** The Health Care Programs Manual (HCPM) has been replaced by the Minnesota Health Care Programs Eligibility Policy Manual (EPM) as of June 1, 2016.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. ***

Chapter 19 - Assets

Effective:  October 1, 2014

19.05.10 - Exemptions from Asset Limits

Archived:  June 1, 2016 (Previous Versions)

Exemptions from Asset Limits

Some people do not have an asset limit for health care eligibility. In addition, enrollment in certain cash assistance programs makes a person automatically eligible for health care. However, the assets of a person with no asset limit may be counted when determining eligibility for a spouse or sponsored immigrant because of asset deeming requirements.

People with No Asset Limit - General Provisions.

MinnesotaCare.

MA.

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People with No Asset Limit - General Provisions

The following applicants and enrollees do not have an asset limit for any health care program:

l  Children under age 21, through the month of their 21st birthday. Children under age 21 do not have an asset limit, regardless of:

n  Whether they apply as part of a household with members age 21 or older or apply separately.

n  Basis of eligibility.

l  Pregnant women, regardless of age, through the end of the 60-day postpartum period.

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MinnesotaCare

See General Provisions.

MA

In addition to the people listed in the General Provisions, the following applicants and enrollees either do not have an asset limit for MA programs or have their asset limit established under another program that MA accepts:

l  People receiving Transitional Medical Assistance (TMA) or Transition Year Medical Assistance (TYMA).

l  People with 1619(a) or 1619(b) status.

l  Women eligible for MA-BC.

l  People eligible for Minnesota Family Planning Program (MFPP).

l  People receiving care and rehabilitation services from the Center for Victims of Torture (CVT), who are not otherwise eligible for MA.

l  People eligible for MA for adults without children.

People receiving assistance from the following sources do not have an asset limit for MA:

l  MSA.

l  RCA.

l  IV-E foster care.

However, even though these people do not have an asset limit for MA, they must still meet certain asset-related rules if they are requesting MA payment of long-term care (LTC) services. To qualify for MA payment of LTC services, people must:

l  Meet home equity limits.

l  Disclose any interest the person or his or her spouse has in an annuity.

l  Name the state the preferred remainder beneficiary of any annuity the person or his or her spouse owns. For more information about annuity requirements, see Annuities.

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