§ 12-15-41-2 — "Countable resources"

As used in this chapter, "countable resources"
means all cash, other liquid assets, real property, and personal property
owned by an applicant for or a recipient of Medicaid under this
chapter, or the spouse of an applicant or a recipient, that could be
converted to cash to be used for support or maintenance, except the
following:
(1) All resources disregarded by the office under this article for
the purpose of determining eligibility for Medicaid.
(2) Any resource eligible for exclusion under 42 U.S.C.
1396a(r)(2), including a retirement account established under 26
U.S.C. 220 and held by either the applicant or recipient or the
applicant's or recipient's spouse.
(3) Subject to approval by the office, not more than twenty
thousand dollars ($20,000) in independence and self-sufficiency
accounts held by the applicant or recipient for the sole purpose of
purchasing goods or services, including assistive technology and
personal assistance, that:
(A) will increase the employability or independence of the
applicant or recipient; and
(B) are not services to which the recipient is entitled under
Medicaid or any other publicly funded program.

Legislative History

As added by P.L.287-2001, SEC.9. Amended by P.L.197-2011, SEC.42.