December 1973 Eligibility Requirements Manual

1025.000.00 Cash and Securities (OAA and PTD)

IM-94 June 11, 2019; IM-69 June 15, 2017; IM-32 March 12, 2013

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

$2000 $4000 +$1000.01/$2000
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 MHABD Appendix J 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 Divisions 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.