Minnesota Minnesota

Combined Manual

Combined Manual


ASSET LIMITS

ISSUE DATE: 12/2013

When net counted assets exceed the limits below, people are either ineligible or must reduce assets within certain time limits. See 0015.45 (Excluded Assets - Special Groups of People), 0015.72 (Excess Assets - Applicants), 0015.75 (Excess Assets - Participants).


MFIP, DWP:
An applicant unit's non-excluded assets must not exceed $2,000. A participant unit's assets cannot exceed $5,000.


WB:
A unit's assets cannot exceed $5,000.


SNAP:
There is no asset limit for any unit.


MSA:
$2,000 for single people.

$3,000 for married couples.

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 Insurance Affordability Programs/Health Care Manuals. They must meet all other MSA eligibility requirements.


GA:
$1,000 for all units.

People residing in a GRH or an IRT may also exclude an additional $2,000 in funds from earned income. See 0015.42 (Excluded Assets - Liquid Assets) for additional information.


GRH:
Follow MSA for clients who are aged, blind, or disabled.

Follow GA for all other adult clients.
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