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Virginia Administrative Code (Last Updated: January 10, 2017) |
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Title 12. Health |
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Agency 30. Department of Medical Assistance Services |
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Chapter 110. Eligibility and Appeals |
Section 670. Aid to Dependent Children (ADC) Related Medically Needy Individuals
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A. Reserved.
B. Personal property.
1. Automobiles. The policy in § 4 of Supplement 8b (was Supplement 12) to Attachment 2.6-A of the State Plan (12VAC30-40-290) applies.
2. Life insurance. The policy in § 5 of Supplement 8b (was Supplement 12) to Attachment 2.6-A of the State Plan (12VAC30-40-290) applies.
3. Burial plots. The market value of burial plots owned by any member of the family unit are not counted toward the medical resource limit for the family.
4. Prepaid burial plans are counted as resources, except for the amounts of such funeral agreements that are disregarded under the Virginia ADC cash assistance program.
5. Assets which can be liquidated such as cash, bank accounts, stocks, bonds, and securities, are counted as resources.
C. The income eligibility determination methodology of the Virginia ADC cash assistance program applies.
Historical Notes
Derived from VR460-04-2.6105 § 7, eff. June 16, 1993; amended, Volume 17, Issue 13, eff. April 11, 2001; Volume 25, Issue 14, eff. April 15, 2009.