Ohio Administrative Code
Title 5160:1 - Eligibility
Chapter 5160:1-3 - Medicaid for the Aged, Blind, or Disabled (ABD)
Section 5160:1-3-05.9 - Medicaid: dividends and interest
Universal Citation: OH Admin Code 5160:1-3-05.9
Current through all regulations passed and filed through September 16, 2024
(A) This rule describes the treatment of dividends and interest for the purposes of determining eligibility for medical assistance.
(B) Definitions. "Dividends" and "interest", for the purpose of this rule, are returns on financial institution accounts. A cash gift or incentive payment to open an account is considered interest.
(C) If the resource that produced the dividends or interest is:
(1)
A countable
resource, the dividends and interest are excluded.
(2)
Excluded under a
federal statute other than the Social Security Act, the dividends and interest
are excluded.
(3)
Excluded under section 1613(a) of the Social Security
Act as described in rule 5160:1-3-05.14 of the Administrative Code, the
dividends and interest may or may not be excluded, depending on the specific
resource.
Replaces: 5160:1-3- 05.9
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