Mississippi Administrative Code
Title 23 - Division of Medicaid
Part 103 - Resources
Chapter 4 - Countable Resources
Rule 23-103-4.14 - US Savings Bonds
Universal Citation: MS Code of Rules 23-103-4.14
Current through September 24, 2024
A. General.
1. A US Savings Bond is an obligation of the
federal government, is not transferable and can only be sold back to the
federal government.
B. Treatment.
1. Ownership Determination.
a) The individual(s) in whose name the bond
is registered is the owner and retains sole ownership rights during his
lifetime, even if a beneficiary is also named.
2. Valuation.
a) The redemption value of US bonds must be
determined through the US Treasury and counts as a resource.
1) If there are joint owners, each individual
owns equal shares of the bond's redemption value.
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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