The total equity value of available non-excluded resources of the client or client and responsible relative (see 469 NAC 2-006) or client and essential person (see 469 NAC 3-006.02) is determined and compared with the established maximum for available resources which the client may own and still be considered eligible. If the total equity value of available non-excluded resources exceeds the established maximum, the client is ineligible.
Note: According to 469 NAC 2-006 ff., assets of each spouse are considered available to the other unless there is a divorce or spousal impoverishment provisions apply.
The following are examples of resources:
1. Cash on hand;
2. Cash in savings or checking accounts;
3. Certificates of deposit;
4. Stocks;
5. Bonds;
6. Investments;
7. Collectable unpaid notes or loans;
8. Promissory notes;
9. Mortgages;
10. Land contracts;
11. Land leases;
12. Revocable burial funds;
13. Trust or guardianship funds;
14. Cash value of insurance policies;
15. A home;
16. Additional pieces of property;
17. Trailer houses;
18. Burial spaces;
19. Motor vehicles;
20. Life estates;
21. Farm and business equipment;
22. Livestock;
23. Poultry and crops;
24. Household goods and other personal effects;
25. Contents of a safe deposit box;
26. Tax refunds;
27. Elective share of a spouse's augmented estate; and
28. Revocable, assignable, or saleable annuity.
{2/14/2009}
2-009.01 Verification of Resources
2-009.02 Definition of Available Resources
2-009.03 Determination of Ownership of Resources
2-009.04 Consideration of Relative Responsibility
2-009.08 Maximum Available Resource Levels
2-009.09 Deeming of Resources of A Parent