Alaska Administrative Code
Title 7 - Health and Social Services
Part 3 - Public Assistance and Medical Assistance
Chapter 47 - General Relief
Article 2 - General Relief Assisted Living Home Care
7 AAC 47.350 - Resources

Universal Citation: 7 AK Admin Code 47.350

Current through November 28, 2024

(a) Subject to allowable exclusions, to be eligible for assistance under 7 AAC 47.300 - 7 AAC 47.535, the total resources of an individual described in 7 AAC 47.330 may not exceed

(1) $2,000 for the individual; or

(2) $3,000 for an individual living with a spouse, regardless of whether the spouse is eligible for assistance under 7 AAC 47.300 - 7 AAC 47.535.

(b) If an individual has nonexcludable resources that do not exceed the applicable resource limit at any time on the first day of a calendar month, the applicant is considered to meet the resource requirement for that month.

(c) To determine an individual's total resources, the department will apply the provisions of

(1) 7 AAC 47.355, dealing with excluded resources; and

(2) 7 AAC 47.357, dealing with the disposal of excess resources.

(d) Any cash or other property received from the sale, exchange, or other disposition of a resource retains the character of a resource.

Authority: AS 47.05.010

AS 47.25.120

AS 47.25.130

Disclaimer: These regulations may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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