Illinois Administrative Code
Title 89 - SOCIAL SERVICES
Part 240 - COMMUNITY CARE PROGRAM
Subpart H - FINANCIAL REQUIREMENTS
Section 240.815 - Exempt Assets
Universal Citation: 89 IL Admin Code ยง 240.815
Current through Register Vol. 48, No. 38, September 20, 2024
a) Exempt Assets
1) Homestead property.
2) Clothing and personal effects.
3) Household furnishings.
4) Business or farming equipment used for the
production of income.
5) Motor
vehicles except those primarily used for recreational purposes.
6) Group life insurance held as a condition
of employment or provided by employer.
7) The principal of a trust fund only when
the instrument establishing the trust specifically states the principal cannot
be impaired.
8) One of the
following:
A) a prepaid burial plan with a
total value of up to the amounts specified in 89 Ill. Adm. Code
120.381(c) and
(d) if burial merchandise is not specified.
If burial merchandise is specified in the burial plan, that merchandise shall
be exempt. Any excess of the allowed amounts in value for burial services shall
be considered non-exempt; or
B)
life insurance policy with a total face or cash value of the amount specified
in 89 Ill. Adm. Code
120.381(a)(5)
or less. When both cash and face value exceed this amount, apply the excess
cash value over this amount toward the non-exempt assets.
C) Burial spaces intended for use of the
participant and grave markers shall be exempt (see 89 Ill. Adm. Code
120.381(b)
).
9) The value of the
allotment under the Supplemental Nutrition Assistance Program (SNAP) Act of
2008 (
7 USC
2017(b)) .
10) The value of the U.S. Department of
Agriculture donated foods (surplus commodities).
11) The value of supplemental food assistance
received under the Child Nutrition Act of 1966 as amended (
42
USC 1780(b)) and the
special food service program for children under the National School Lunch Act,
as amended (
42 USC
1760) .
12) Assets protected by purchase of a
certified long-term care insurance policy that meets State standards [
320 ILCS
35/25(a)(1) through (5)] .
b) In addition to the exempt assets listed in subsection (a), the following assets are exempt. These assets remain exempt only so long as they can be identified by a separate account.
1) Any benefits received under Title III,
Part C, Nutrition Program for the Elderly, of the Older Americans Act of 1965,
as amended (
42 USC 3030(e) and
(f)) .
2) Any payment received under Title II of the
Uniform Relocation Assistance and Real Property Acquisition Policies Act of
1970 (
42
USC 4636) .
3) Any funds distributed per capita to or
held in trust for members of any Indian tribe under
P.L.
92-254,
P.L.
93-134 or
P.L.
97-458 (
25 USC
1407) .
4) Tax-exempt portions of payments made
pursuant to the Alaska Native Claims Settlement Act (
43 USC
1626) .
5) Experimental Housing Allowance Program
payments made under Annual Contributions Contracts entered into prior to
January 1, 1975, under Section 23 of the U.S. Housing Act of 1937, as amended (
42 USC
1437(f)) .
6) Effective October 17, 1975, receipts
distributed to certain Indian tribal members for marginal land held by the
United States government.
7)
Payments to volunteers under the 1973 Domestic Volunteer Service Act (
42 USC 5044,
Section
4951
). These include:
A) Vista
Volunteers;
B) Volunteers serving
as senior health aides, senior companions, foster grandparents, or persons
serving in the National Senior Volunteer Corps (NSVC).
8) Any grant or loan to any undergraduate
student for educational purposes made or insured under any program administered
by the Secretary of Education.
9)
Supplemental Security Income (SSI) lump sum payments.
10) Income received under Section 4(c) of the
Senior Citizens and Persons with Disabilities Property Tax Relief Act [ 320
ILCS 25 ]. This includes both the benefits commonly known as the "circuit
breaker" and the "additional grants".
Disclaimer: These regulations may not be the most recent version. Illinois 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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