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

Excluded, no maximum

Reasonably income producing

Excluded

Excluded

If necessary

$1500 of cash surrender value excluded per person

If necessary

• •

  $300 individual

• •

  $500 couple

Excluded

None

Excluded

Excluded

Retail value not over $1,500

$300 cash value

Excluded

• •

  $2,000 individual

• •

  $2,600 couple

Excluded

None

Excluded

Excluded

Excluded, if of reasonable value

None. Include cash value in dollar maximum.

Tools, motor vehicles, or business equipment

• •

  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

• •

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

• •

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

• •

  Aged and Disabled - Individual ineligible if he owns real property other than a home

• •

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

• •

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

• •

  Blind - Excluded, no limit

• •

  Aged and Disabled - Same as household goods.

• •

  Blind - Excluded, no limit

One motor vehicle - No limit on value

• •

  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.

• •

  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.

• •

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

• •

  Blind only: $600 individual $900 family

No limit

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.

No limit

Excluded

• •

  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.

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.

• •

  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.

$1,000 per individual

Excluded regardless of whether or not he is living in it.

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

General household belongings excluded

General personal items excluded

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.

None, include cash value in dollar maximum.

Blind only