Topic: home property
Frequently Asked Questions and Answers Regarding Transfer of Assets
Frequently Asked Questions and Answers Regarding Home Property
Instructions on entering home property information on the resource tab in FACS.
Key Differences between Personal Care and ADvantage Waivers.
This is a list with descriptions of each Section A field in IMS.
Effective 09/01/2016 Home Property in a revocable trust is considered an available resource. When a client’s home property is in a revocable trust, the worker informs the client or his or her representative that the home property exemption does not apply unless the property is removed from the revocable trust. The worker provides the client […]
Block 025 – House A – Possession of a home – principal place of residence S – Equity in non-excludable property is to increase in value T – Home and Equity in non-excludable property Z – None Blank – not determined Block 026 – Auto B – Vehicle – either over or under limit K […]
To initiate the filing of a lien, the worker must submit a Medicaid Estate Recovery, form 08MA025E and a copy of the signed Acknowledgement of Intent to Return Home form 08MA024E (FSS-ML-1) by email to: Evan.Bennett@okhca.org The 08MA025E form must provide a complete legal description including the lot, section, township and other pertinent information, which […]
The resource standard for an individual is as shown on Appendix C-1 , Schedule VIII.D If applicant has a spouse, refer to article LTC: Spousal Impoverishment. Exempt Resources: Home Property (under certain circumstances) refer to article LTC: Home Property Overview. One Automobile, if it is used for transportation of the individual or member of the […]
The resource standard for an individual is as shown on Appendix C-1, Schedule VIII.D If applicant has a spouse, see article entitled “Spousal Impoverishment” Exempt Resources: Home Property (as long as client continues to reside there and has equity interest less than the maximum home equity standard as shown on Appendix C-1, Schedule VIII.D.2) One […]