Resources include real and personal property (other than income). Real property consists of such assets as land, buildings, homes and life estates. Personal property consists of all property other than real estate including cash assets, vehicles, and household goods.
A household's resources at the time the household applies, and any changes in resources reported prior to the processing of the application, shall be used to determine the household's eligibility.
The value of a nonexempt resource shall be the client's equity in the resource. Equity is defined as fair market value less encumbrances.
Reserved
Reserved
This provision is applicable to all Elderly & Disabled medical programs, including long term care (LTC) and Working Healthy (WKH). See Policy Memo 2024-06-01, re: Potential Resources and Resource Compatibility Changes.
Resource compatibility is the resource verification standard (also defined as reasonable compatibility of resources) used to determine if the information reported by the consumer is consistent with data received through the tiered verification provisions contained in 1322.4. Sufficient information must be provided in order to complete the resource compatibility test.
The Asset Verification Solution (AVS) is the applicable data source used to determine the monthly amount and then compared to the reported resource value to determine if it can be accepted as verification. If the source information is reasonably compatible with the consumer statement, the reported information is considered verified. Additional information may not be requested from the consumer.
To make the comparison, the resource amounts from both the consumer and the source are used. There is resource compatibility when the difference between the amount reported by the consumer and the data source is no greater than 15% of the self-attested amount.
The resource compatibility test is performed separately for each resource when all non-exempt resources can be data matched through the electronic data source.
If resources are reported and have been verified as reasonably compatible, the reported amount shall be used in the eligibility determination.
When reported resources are determined not to be reasonably compatibly, additional information shall be requested as indicated in 1322.4.
NOTE: This provision is not applicable to LTC spousal impoverishment provision, except when the application month and the community spouse resource assessment month are the same.
See Policy Memo, 2007-09-01 re: Long Term Care Partnership Information. The maximum allowable nonexempt resources of all members of the assistance family group shall not exceed two thousand dollars ($2,000) for one person and three thousand dollars ($3,000) for two or more persons who are in the family group (excluding SSI recipients). For the QWD program, an individual may own nonexempt resources up to 2 times these allowable standards. In the QMB, LMB, and Expanded LMB programs , the resource limit shall not exceed the resource standard as noted in the F-8, Kansas Medical Assistance Standards; see 2671.3 exception for SSI recipients eligible for Medicare coverage. In the Working Healthy program, the maximum allowable nonexempt resources shall not exceed fifteen thousand dollars ($15,000) for any size family group.
In addition to the resource amounts listed above for the Medically Needy, Working Healthy, QMB and LMB programs, an additional resource disregard shall be allowed in an amount equal to the total benefits paid out under a Qualified Long Term Care Insurance Partnership policy for that individual.
In determining SI eligibility, the $2,000/$3,000 standards are applicable where a countable trust arrangement exists in accordance with 2631 and 5620.
There is no resource test for children and young adults under the age of 21 seeking coverage under the LTC or Medically Needy programs, or for young adults under the age of 26 in the Aged Out Foster Care program.