Topic: bank account
Instructions regarding logging into the Asset Verification System
This is a list with descriptions of the non-PS2 fields in the FACS Resources Tab.
Summary of AVS and link to system
What is AVS? The Asset Verification System (AVS) is a web portal used to verify bank accounts electronically. Per federal law, OKDHS uses this system to verify resources for Aged, Blind, or Disabled (ABD) Medicaid applicants and recipients. Who is Included? Programs: SSP, QMBP, SLMB, QI-1, and all Long-Term Care (LTC) programs (including waivers). Exclusion: […]
Policy Links Regarding Resources
Liquid Resource – cash and other types of savings or investment funds which can be easily converted to cash such as checking or savings account balances, the cash value of savings certificates, and the cash value of stocks or bonds.
Resources the client and spouse own must be considered in determining eligibility. Resources are any real or personal property which have an available monetary value. Countable resources and disregarded resources are addressed in policy 317:35-5-41.