In cases using Old Age Assistance or Permanent or Total Disability (OAA or PTD) the maximum equity in cash or securities, if no other available resources are owned, is below. The couple maximum applies without regard to whether one member owns more than the single person limit.
|Fiscal Year (FY)||MHABD Single Resource Limit||MHABD Couple Resource Limit||+/- Change|
|through June 30, 2017||$999.99||$2000.00|
July 1, 2017
|July 1, 2018||$3000||$6000||+1000/$2000|
|July 1, 2019||$4000||$8000||+1000/$2000|
|July 1, 2020||$5000||$10000||+1000/$2000|
|July 1, 2021 and each subsequent year||+by COLA and rounded to the nearest 5 cents|
Refer to Appendix J MHABD Standards for the current resource maximums.
EXCEPTION: If one spouse entered a Medicaid certified bed on or after September 30, 1989 or received HCB Waiver Services January 1, 1993 or later, refer to Income Maintenance Manual section 1030.035.00 DIVISION OF ASSETS for determining resource eligibility.
When there has been DESERTION OR ABANDONMENT and the husband and wife are living apart, each person may own cash and securities up to the individual maximum resource limit.