Asset Limits 430-05-45-25

(Revised 01/01/04 ML2893)

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Eligibility will be denied or terminated if the value of non-excluded assets exceeds the following:

1. $3,000 for all households containing an elderly (age 60 or over) or disabled member.
2. $2,000 for all other households.

 

Categorically eligible household members do not have to meet the asset limits.

 

Non-categorically eligible household members must meet the asset limits.

 

The household's assets at the time of the interview must be used in determining household eligibility. An application cannot be pended allowing the household the option of spending down assets. If a household is over the asset limit on the date of interview, the application must be denied.