130 CMR, § 520.003 - Asset Limit
(A) The total
value of countable assets owned by or available to individuals applying for or
receiving MassHealth Standard, Family Assistance, or Limited may not exceed the
following limits:
(1) for an individual -
$2,000; and
(2) for a couple living
together in the community where there is financial responsibility according to
130
CMR 520.002(A)(1) -
$3,000.
(B) The total
value of countable assets owned by or available to individuals applying for or
receiving MassHealth Senior Buy-in for Qualified Medicare Beneficiaries (QMB)
as described in
130
CMR 519.010: MassHealth Senior Buy-in
(for Qualified Medicare Beneficiaries (QMB)) or MassHealth Buy-in for
Specified Low Income Medicare Beneficiaries (SLMB) or MassHealth Buy-in for
Qualifying Individuals (QI), both as described in
130
CMR 519.011: MassHealth
Buy-in, may not exceed the amount equal to two times the amount of
allowable assets for Medicare Savings Programs as identified by the Centers for
Medicare and Medicaid Services. Each calendar year, the allowable asset limits
shall be made available on MassHealth's website.
(C) The treatment of a married couple's
assets when one spouse is institutionalized, as described in
130
CMR 520.016(B).
Notes
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No prior version found.