ASSET LIMITS
ISSUE DATE: 06/2016
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 Insurance Affordability Programs/Health Care Manuals. 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.
PREVIOUS REVISIONS
| Date | Notes |
|---|---|
| 12/2015 | in GA deletes the 2nd paragraph about excluding additional funds from earned income for residents in a GRH or IRT as this is no longer accurate. |
| 11/2013 | change the link title to Insurance Affordability Programs/Health Care Manuals due to manual name change. No policy was changed. |
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