§ 12-7-2-44.6 — "Countable asset"

Indiana § 12-7-2-44.6

• Jurisdiction: Indiana
• Art. 7: GENERAL PROVISIONS AND DEFINITIONS
• Ch. 2: Definitions

Text

6. "Countable asset" means the following:
(1) For purposes of IC 12-10-10, property that is included in
determining assets in the same manner as determining an
individual's eligibility for the Medicaid aged and disabled waiver.
(2) For purposes of IC 12-20, noncash property that is not
necessary for the health, safety, or decent living standard of a
household that:
(A) is owned wholly or in part by the applicant or a member of
the applicant's household;
(B) the applicant or the household member has the legal right
to sell or liquidate; and
(C) includes:
(i) real property other than property that is used for the
production of income or that is the primary residence of the
household;
(ii) savings and checking accounts, certificates of deposit,
bonds, stocks, and other intangibles that have a net cash
value; and
(iii) boats, other vehicles, or any other personal property used
solely for recreational or entertainment purposes.

Legislative History

As added by P.L.51-1996, SEC.3. Amended by P.L.145-2014, SEC.2; P.L.87-2017, SEC.1.