Mississippi Administrative Code
Title 23 - Division of Medicaid
Part 103 - Resources
Chapter 1 - Introduction to Resources
Rule 23-103-1.11 - SSI Resource Policy Overview
Universal Citation: MS Code of Rules 23-103-1.11
Current through September 24, 2024
A. SSI policy specifies different exclusion limits or different ways to determine countable resources. If the resource policy has not been liberalized, SSI policy is applicable unless a subsequently issued federal statue or Medicaid regulation supersedes SSI policy.
B. SSI policies include:
1. Eligibility is based on
the individuals countable resources as of the first moment of the first day of
the month and is applicable to the entire month.
a) If resources exceed the limit as of the
first moment of the first day of the month, the individual or couple is not
eligible for that month.
b) It is
not possible to spenddown resources within a month to establish eligibility for
that month under SSI resource policy.
2. One automobile is automatically excluded
regardless of value.
3. The value
of life estates and remainder interest in real property is a countable
resource.
4. The cash value of
whole life insurance is excluded, if the combined face value of all policies on
any individual is $1,500 or less.
a) The
combined face value of these excluded policies is used as an offset in
determining burial fund exclusion.
Social Security Act §1902 (r)(2); 42 CFR §435.601(b) (Rev 1994).
Disclaimer: These regulations may not be the most recent version. Mississippi 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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