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Lump Sums

Last Updated December 27, 2024

Provide Policy Interpretations regarding ABD Cases and Lump Sums

Subject: Aged, Blind, Disabled (ABD) Topics: 9 months, ABD, Exempt, Income, lump sum, Lump Sum payments, Resource, RSDI, Social Security, Spenddown, SSI

Sale of Home Proceeds and Insurance Payments & Repairs

Last Updated July 17, 2023

How are the proceeds from the sale of the home property or an insurance payment for home repairs considered in determining eligibility

Subject: Aged, Blind, Disabled (ABD) Topics: 90, ABD, Aged, Appointment, Blind, buy, carpenter, Contract, Contractor, damage, Deed, Disabled, electrician, employ, estimate, fix, hail, handyman, home, Insurance, Interview, lineup, mitigation, ninety, Payment, plan, plumber, procure, property, purchase, QI-1, QMBP, Qualified Individual – Group 1, Qualified Medicare Beneficiary Plus, remediation, repair, replace, Resource, restoration, restore, roof, Sale, Schedule, SLMB, snow, Specified Low Income Medicare Beneficiary, SSP, state, storm, supplemental, tornado, water, weather

Absence from the Home: Temporary vs Permanent

Last Updated July 17, 2023

Determining whether an absence is temporary or permanent.

Subject: Aged, Blind, Disabled (ABD) Topics: ABD, Absence, Aged, alone, Blind, camper, Care, countable, Disabled, dwelling, Exempt, feasible, fixed, health, home, hospital, house, improve, long, Medical, mobile, Nursing Home, Payment, permanent, plan, possible, primary, property, QI-1, QMBP, Qualified Individual – Group 1, Qualified Medicare Beneficiary Plus, realistic, recreational vehicle, rehabilitation, Residence, Resource, RV, Shelter, short, sick, SLMB, Specified Low Income Medicare Beneficiary, SSP, state, supplemental, temporary, time, trailer, trip, vacation, viable, visit, well

UpdatedResource – Countable Property

Last Updated March 20, 2025

Determining the countable value of property not associated with the home property

Subject: Aged, Blind, Disabled (ABD) Topics: ABD, Aged, appraisal, Blind, countable, County Assessor, Disabled, equity, estimate, Fair Market Value, FMV, home property, Indian, knowledge, loan, Mortgage, oral, Payment, professional, property, QI-1, QMBP, Qualified Individual – Group 1, Qualified Medicare Beneficiary Plus, real estate, realtor, Residence, Resource, SLMB, specialized, Specified Low Income Medicare Beneficiary, SSP, state, supplemental, trust, written

Transferring Money from Special Needs Trust to ABLE Account

Last Updated January 24, 2023

Steps to follow to allow a transfer from a Special Needs Trust to ABLE Account

Subject: Aged, Blind, Disabled (ABD), Long Term Care (LTC) Topics: ABD, ABLE, account, Advantage, Aged, allow, approve, balance, Blind, close, DDS, deny, Developmental Disabilities Services, Disabled, Exempt, home, Long Term care, LTC, nursing facility, Request, Resource, SNT, Special needs trust, STABLE, Transfer

Reverse Mortgages

Last Updated September 22, 2022

What Is a Reverse Mortgage? A reverse mortgage is a loan. A homeowner who is 62 or older and has considerable home equity can borrow against the value of their home and receive funds as a lump sum, fixed monthly payment or line of credit. It does not require the homeowner to make any payments. […]

Subject: Long Term Care (LTC) Topics: Annuity, home equity, Lien, loan, loan balance, lump sum, monthly payment, Resource, Reverse Mortgage

Home Property Exemption and Adjacent Properties

Last Updated September 22, 2022

317:35-5-41.1 (b) The home exemption goes to the primary residence. That extension also covers adjacent properties. “Adjacent” is defined as the property lines touch even if there is an easement, road, creek or anything similar that separates the properties. Examples of adjacent properties shown here. The adjacent properties in addition to the home property; are […]

Subject: Aged, Blind, Disabled (ABD), Long Term Care (LTC) Topics: adjacent, alongside, beside, bordering, close, contiguous, countable, Eligibility, Exempt, home, home exemption, neighboring, next door, property, real estate, Resource

Resource – Life Estate

Last Updated September 22, 2022

Policy / Examples regarding Life Estates

Subject: Long Term Care (LTC) Topics: Deed, home equity, LEC Transaction, Life Estates, LTC, market value, mortgaged property, Resource, Transfer of Assets

30 Day Out of Home Requirement (Hospital & Skilled Care)

Last Updated February 23, 2023

Exceptions to the rules

Subject: Long Term Care (LTC) Topics: 30 Day Requirement, Advantage, Appendix C-1, Categorically Needy Standard, Death, Long Term care, LTC standard, nursing facility, Resource, transition

Resource – Contracts for Deed

Last Updated June 2, 2017

How to consider contracts for Deeds as Income / Resources

Subject: Long Term Care (LTC) Topics: ABD, Contract for Deed, Deed, default, Income, LTC, Mortgage, Penalty, property, Resource, Sale, Selling, Transfer of Assets, Unearned Income