Asset Considerations for the Medicare Savings Programs 510-05-60-15

(Revised 1/03 ML #2833)

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(N.D.A.C. Section 75-02-02.1-22(4))

 

 

Medically needy asset considerations, valuation of assets, and forms of asset ownership apply to Medicare Savings Programs eligibility determinations except:

  1. Half of a liquid asset held in common with another QMB, SLMB, or QI is presumed available;

  2. Assets owned by a child, under age twenty-one, in the unit are not considered available in determining eligibility for the child's parent, except that all liquid assets held in common by the child and the parent are considered available to the parent; and

  3. Assets owned by a spouse who is not residing with an applicant or recipient are not considered available unless the assets are liquid assets held in common.