Dollar maximum

Any excess after need determination not to exceed individual's full monthly need requirement ($300 maximum).

Home

Excluded, no maximum

Other real property

Reasonably income producing

Household goods

Excluded

Personal effects

Excluded

Automobile

If necessary

Life insurance

$1500 of cash surrender value excluded per person

Property necessary for self-support

If necessary

Dollar maximum

• •

  $300 individual

• •

  $500 couple

Home

Excluded

Other real property

None

Household goods

Excluded

Personal effects

Excluded

Automobile

Retail value not over $1,500

Life insurance

$300 cash value

Property necessary for self-support

Excluded

Dollar maximum

• •

  $2,000 individual

• •

  $2,600 couple

Home

Excluded

Other real property

None

Household goods

Excluded

Personal effects

Excluded

Automobile

Excluded, if of reasonable value

Life insurance

None. Include cash value in dollar maximum.

Property necessary for self-support

Tools, motor vehicles, or business equipment

Dollar maximum

• •

  Aged and Disabled - Ineligible if person owns property or money which equals or exceeds the monthly allowance.

• •

  Blind - Combined value of home and personal property does not exceed $5,000 and combined value of other real and personal property does not exceed $1,500. Real and personal property of living-with spouse in excess of $1,500 plus $600 for each dependent counts toward $1,500

Home

• •

  Aged and Disabled - No fixed dollar limit. Not of unusual value in relation to community standards and their needs.

• •

  Blind - Value is county assessed valuation less encumbrances. Value counts toward $5,000 limit on real and personal property.

Other real property

• •

  Aged and Disabled - Individual ineligible if they own real property other than a home

• •

  Blind - Value is market value less encumbrances. Value counts toward $1,500 on nonresident real and personal property.

Household goods

• •

  Aged and Disabled - Exclude if used to meet living requirements or having sentimental value

• •

  Blind - Excluded, no limit

Personal effects

• •

  Aged and Disabled - Same as household goods.

• •

  Blind - Excluded, no limit

Automobile

One motor vehicle - No limit on value

Life insurance

• •

  Aged and Disabled - Eligibility not affected by new life insurance acquired or increases in value during receipt of assistance.

• •

  Persons over age 18 - Eligibility not affected if insurance premiums are not more than 50 cents weekly, $2.00 monthly, or $23.50 annually or face or cash value is less than $500.

• •

  Persons under age 18 - Life insurance does not affect eligibility

• •

  Blind - First $500 cash value is excluded.

Property necessary for self-support

• •

  Blind only - Excluded if property is providing income consistent with the value of the property and the income is sufficient to make an appreciable contribution to support. Tools, equipment, etc., necessary to obtain income excluded if value is not excessive in relation to standards for business and industry.

Dollar maximum

• •

  $400 individual or couple; individual or couple with essential person(s).

• •

  Blind only: $600 individual $900 family

Home

No limit

Other real property

Must be income producing unless:

• •

  not saleable, or

• •

  sale would involve unreasonable loss, or

• •

  renewal of income-producing status anticipated in near future.

• •

  Otherwise, count market value towards dollar maximum.

Household goods

No limit

Personal effects

Excluded

Automobile

• •

  Excluded if automobile is essential and cash value does not represent a substantial resource.

• •

  Essential is defined as needed for medical care, employment, training, or farm marketing and public or private transportation not available.

Life Insurance

Excluded unless total face value of policies on individual exceeds $1,000 ($5,000 in Aid to the Blind) in which case CSV counts toward dollar maximum unless policies pay cash income and it is to the individual's best interest that policies stay unchanged.

Property necessary for self-support

• •

  Aged and Disabled - Income producing property unless equity in it is $5,000 or more.

• •

  Blind - There is no limit.

• •

  Property must be producing reasonable rate of return. As a guide, reasonable return is either:

  1. 1. 

     gross annual income of 10% of property's current market value; or

  2. 2. 

     gross annual income comparable to that received from similar property in the community.

Dollar maximum

$1,000 per individual

Home

Excluded regardless of whether or not they are living in it.

Other real property

Disregard only if when combined with other assets the value does not exceed $1,000.

Household goods

General household belongings excluded

Personal Effects

General personal items excluded

Automobile

One vehicle provided sale value is $2,000 or less. Vehicles over $2,000 or more than one vehicle owned (regardless of value) results in ineligibility.

Life insurance

None, include cash value in dollar maximum.

Property necessary for self-support

Blind only