SI CHI01220.300 State Plan Resource Limits and Exclusions

A. ILLINOIS

CATEGORY RESOURCE LIMITS AND EXCLUSIONS

Dollar Maximum

$400 for one/$600 for two.

Home

Excluded. No maximum value indicated.

Other Real Property

Excluded if within the $400/$600 exemption.

Household Goods

Excluded.

Personal Effects

Excluded.

Automobile

Excluded. No maximum value indicated.

Life Insurance

Group life insurance is totally excluded when held as a condition of employment. Other life insurance is excluded if total face value does not exceed $1,000 per person.

Property Necessary for Self-Support

Not excluded.

Other

A prepaid burial plan for $1,000 or less established at least 5 years prior to applying will not affect eligibility.

B. INDIANA

CATEGORY RESOURCE LIMITS AND EXCLUSIONS

Dollar Maximum

$700 for one/$1,400 for two.

Home

Excluded.

Other Real Property

Not excluded.

Household Goods

Excluded.

Personal Effects

Tangible, i.e., household furnishings or equipment, auto or other vehicles, livestock, tools, farm implements, etc., which are essential for adequate living arrangements, family requirements, employment, income producing activities or for necessary transportation.

Intangible - Cash, stocks, bonds, securities and cash surrender value of life insurance - of which the liquid cash value does not exceed $700/$1,400 are excluded.

Automobile

Excluded if essential for transportation.

Life Insurance

Cash surrender value excluded if it does not exceed $700/$1,400 when included with cash, stocks, bonds and securities.

Property Necessary for Self-Support

Not excluded.

Other

None.

C. MICHIGAN

CATEGORY RESOURCE LIMITS AND EXCLUSIONS

Dollar Maximum

$1,500 for one/$2,000 for two.

Home

No maximum.

Other Real Property

Ineligible if the individual owns property bearing a value in excess of the maximums and not excluded.

Household Goods

Excluded.

Personal Effects

Farm/stock and implements up to $750 excluded. Personal property includes cash, automobile, trucks, stocks, bonds, bank deposits, farm machinery, livestock, land contracts, mortgages, and cash value of life insurance.

Automobile

Included in the maximums, unless needed for a plan for support.

Life Insurance

$1,000 cash surrender value or entire cash surrender value, if health of individual is such as to make continuance of insurance desirable.

Property Necessary for Self-Support

Farm stock and implements up to $750. AB - tools and equipment needed for self-support are excluded.

Other

Prearranged irrevocable funeral account approved by the State Department of Social Services.

D. MINNESOTA

CATEGORY RESOURCE LIMITS AND EXCLUSIONS

Dollar Maximum

$300 for one/$500 for two for OAA and APTD. $2,000 for one/$4,000 for two for AB.

Home

$10,000. Equity includes all real property.

Other Real Property

Included only in the above $10,000. See "Home."

Household Goods

Excluded.

Personal Effects

Excluded.

Automobile

Included in dollar maximum.

Life Insurance

Cash surrender value up to $500 per person APTD; $1,000-OAA; AB-included in dollar maximum.

Property Necessary for Self-Support

At the discretion of the county welfare boards.

Other

A burial lot. AB-$750 in prepaid burial plot plus $200 interest.

E. OHIO

CATEGORY RESOURCE LIMITS AND EXCLUSIONS

Dollar Maximum

$300 per individual.

Home

$12,000.

Other Real Property

$6,000 if producing income of 5 percent of market value.

Household Goods

Excluded.

Personal Effects

Excluded.

Automobile

Must be essential for transportation and $1,000 limit if income producing; $500 if not income - producing.

Life Insurance

Combined value of insurance, liquid assets and burial contract cannot exceed $800; life insurance alone $500.

Property Necessary for Self-Support

Excluded if producing 4 to 6 percent of fair market value.

Other

None.

F. WISCONSIN

CATEGORY RESOURCE LIMITS AND EXCLUSIONS

Dollar Maximum

$750 in liquid assets per individual.

Home

Excluded.

Other Real Property

Not Excluded

Household Goods

Excluded.

Personal Effects

Excluded.

Automobile

Excluded up to $750; up to $1,000 if necessary for employment or medical reasons.

Life Insurance

Cash value up to $1,000 excluded per person.

Property Necessary for Self-Support

Income and resources necessary to fulfill a plan for self-support shall be disregarded for a period not to exceed 12 months.

Other

None.


To Link to this section - Use this URL:
http://policy.ssa.gov/poms.nsf/lnx/0501220300CHI
SI CHI01220.300 - State Plan Resource Limits and Exclusions - 09/09/2002
Batch run: 01/27/2009
Rev:09/09/2002