Definitions relating to real and personal property are in state regulation 13 CSR 40.-2.030.
Property is defined as something the participant has the right to possess, use, and sell. Property includes but is not limited to real property (land, home), cash and securities (bank accounts, CDs), life insurance, prepaid burial plans and personal property (vehicles, household goods, farm or business equipment).
13 CSR 40-2.030 (7), states in part, ‘… in certain instances … property will be considered as a resource which the applicant or recipient can and should use in meeting his needs and will not be eligible for Public Assistance.’
The eligibility factor of property as an available resource is applied to OAA and PTD cases based on the limits outlined in Section 1030.000.00 except where one spouse entered a MO HealthNet (Medicaid) certified bed on or after September 30, 1989 or HCB Waiver Services January 1, 1993 or after. Refer to the policy on Division of Assets (Section 1030.035.00) to determine resource eligibility for institutionalized spouses with a spouse in the community.
When there has been desertion or abandonment and the husband and wife are living apart, each person may own available resources up to the single individual maximums as listed in Section 1030.000.00
Policy for regarding available resources applies to re-investigations the same as for initial investigations.
Individuals who received benefits from long-term care policies that qualify as long-term care partnership policies are allowed a disregard of assets in determining eligibility for MO HealthNet for the Aged, Blind, and Disabled (MHABD). Refer to policy in Sections 1030.055.00 – 1030.055.20 for information about Missouri’s long-term care partnership and how to apply the asset disregard to available resources.