IM-77 ANNUAL MO HEALTHNET FOR AGED, BLIND, AND DISABLED (MHABD) ASSET LIMIT INCREASE AND RELATED MANUAL SECTION UPDATES

Department of Social Services
Family Support Division
PO Box 2320
Jefferson City, Missouri

TO:  ALL FAMILY SUPPORT OFFICES

FROM:  KIM EVANS, DIRECTOR

SUBJECT:  ANNUAL MO HEALTHNET FOR AGED, BLIND, AND DISABLED (MHABD) ASSET LIMIT INCREASE AND RELATED MANUAL SECTION UPDATES

MANUAL REVISION #
MHABD APPENDIX J
MHABD APPENDIX K
0820.030.20
0855.005.35
1030.000.05

 

DISCUSSION:

As a result of HB1565 (2016), asset limits for MHABD programs will increase effective July 1, 2022. Appendices J and K have been updated with the new amounts.

The weekend of June 11, 2022, all MHABD cases will be adjusted in the eligibility system. The Individual Asset Limit and Couple Asset Limit will be updated for actions effective the month of July 2022 and thereafter.

Effective July 1, 2022:

Individual Asset Limit $5301.85
Couple Asset Limit $10603.70

 

Method of Calculation

The percentage increase is based on changes in the Consumer Price Index for All Urban Consumers (CPIU) between July of two (2) years prior to the year in which the current fiscal year (FY) begins and July of the immediately preceding year. The asset limit is rounded to the nearest five cents 13 CSR 40-8.020(4)(C).

Note: The calculation for FY 2023 is based on the unadjusted percent change from FY 2020 to FY 2021.

The following manual sections have been revised to update wording, remove references to specific resource amounts and instead, refer staff to Appendix J.

 

NECESSARY ACTION:

  • Review this memorandum with appropriate staff.

 

KE/mc