Under the State Plan, liquid assets of a certain value may be excluded depending on the number of persons in the family. The dollar maximums are:

In addition, any savings accumulated as a result of earned or unearned income disregards are not a countable resource.

A home, and land contiguous to the home, which the recipient owns and in which the recipient resides is excluded if the tax-appraised value is $25,000 or less.

There are three provisions for the exclusion of real property other than the home in the Hawaii State Plan:

1. 1. 

   Real property owned by the recipient if the tax-appraised value is $225 or less

2. 2. 

   A burial plot owned by the recipient

3. 3. 

   Other real property (rental property) if it produces a net income over and above the cost of maintaining the property. For this exclusion, the State Plan does not require a minimum percentage of return.

Excluded

Excluded

On all life insurance policies owned by the recipient, the full loan or cash surrender value is a countable resource to be applied to the dollar maximum.

The value of an automobile is a countable resource if the automobile is less than four (4) years old AND the sale of the automobile at current market value (minus encumbrances) will net at least $400.

The value of an automobile is excluded if it can be established that the automobile is needed for:

• •

  getting to and from employment

• •

  obtaining medical treatment

• •

  marketing

• •

  travel in remote areas where public transportation is lacking or is inadequate

• •

  obtaining schooling or vocational training