EXCESS ASSETS - PARTICIPANTS
ISSUE DATE: 05/2025
MFIP, DWP, GA:
Terminate the case when excess assets exist or when you know the exact date the unit will acquire an asset that will create an excess. Give the unit 10 days notice before terminating the case. See 0026 (Notices).
If the unit proves it reduced assets before the effective date of termination, eligibility continues. They may reduce assets in any manner not described as an improper transfer in 0015.69.06 (Improper Asset Transfers).
There is no overpayment if the unit reports receipt of an asset timely. Ineligibility starts when you can properly process the change.
SNAP:
Only non-categorically eligible SNAP units ARE subject to an asset test. Categorically eligible SNAP units are NOT subject to an asset test. See 0013.06 (SNAP Categorical Eligibility/Ineligibility) to determine categorical eligibility or ineligibility.
For non-categorically eligible SNAP units, see 0015.81 (Assets – SNAP) for the SNAP asset policies, including the asset limits and transferred assets.
MSA:
Terminate assistance when excess assets exist on the 1st of the month. If assets go over the limit during a month, clients must reduce assets before the 1st of the following month to continue eligibility.
Give timely notice when terminating a case for excess assets. See 0026 (Notices).
If participants properly reduce excess assets before the effective date of termination, eligibility continues. They may reduce assets in any manner not described as an improper transfer in 0015.69.06 (Improper Asset Transfers).
GRH:
Follow MSA for aged, blind, or disabled clients. Follow GA for all other adults.
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PREVIOUS REVISIONS
| Date | Notes |
|---|---|
| 05/2016 | updates section due to Legislative changes for Program Uniformity/Assets. |
| 12/2014 | Removed WB. This program was suspended 12/1/14. |
| 06/2014 | in MFIP, WB, DWP deletes the 2nd paragraph concerning subtracting any federal tax refund received in the last 12 months from counted assets because this exemption ended 01/01/14. This change was EFFECTIVE 01/01/14. |
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