Mississippi Administrative Code
Title 23 - Division of Medicaid
Part 103 - Resources
Chapter 1 - Introduction to Resources
Rule 23-103-1.18 - Factors That Make Property a Resource
Universal Citation: MS Code of Rules 23-103-1.18
Current through September 24, 2024
A. Property of any kind, including cash, is a resource only if it meets all three criteria listed below by resource criteria and description:
1. Ownership Interest.
a) An individual must have some form of
ownership in property in order for the property to be considered a resource.
The fact that an individual has access to property, or has a legal right to use
it, does not make it a resource if there is no ownership interest.
2. Legal Right to Access (spend or
convert) Property.
a) An individual must have
a legal right to access property. Even with ownership interest, property cannot
be a resource if the owner lacks the legal ability to access funds to spend or
convert non-cash property into cash. The fact that an owner does not have
physical possession of property does not mean it is not his resource. It is a
resource if the owner still has the legal ability to spend it or convert it
into cash. An individual has free access to, and unrestricted use of, property
even when he can take actions only through an agent (such as a representative
payee or conservator).
3. Legal Ability to Use for Personal Support
and Maintenance.
a) Even with ownership
interest and legal ability to access property, a legal restriction against the
property's use for the owner's own support and maintenance means the property
is not a resource.
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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