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ASSET LIMITS

ISSUE DATE: 09/2016

When counted assets exceed $10,000, people are either ineligible or must reduce assets within certain time limits. See 0015.72 (Excess Assets - Applicants), 0015.75 (Excess Assets - Participants).


MFIP, DWP, GA:

Follow general provisions.


SNAP:

There is no asset limit for any unit.


MSA:

For non-SSI receipients, follow general provisions.

For SSI recipients, no action is required. SSA makes all asset determinations.

Residents of a long term care facility (LTCF) whose cost of care is paid for by MA are eligible for MSA if they meet MA (rather than MSA) asset provisions and limits. See the Minnesota Health Care Programs Eligibility Policy Manual. They must meet all other MSA eligibility requirements.


GRH:

For non-SSI receipients, follow general provisions.

For SSI recipients, no action is required. SSA makes all asset determinations.

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