SI SF01220.320 Hawaii Grandfathered Resource Provisions
A. Dollar maximum
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:
three or more persons
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 he or she resides is excluded if the tax-appraised value is $25,000 or less.
C. Other real property
There are three provisions for the exclusion of real property other than the home in the Hawaii State Plan:
Real property owned by the recipient if the tax-appraised value is $225 or less
A burial plot owned by the recipient
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.
D. Household goods
E. Personal effects
F. Life insurance
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
travel in remote areas where public transportation is lacking or is inadequate
obtaining schooling or vocational training