Topic: Resources
Revocable trust: means a trust in which the grantor has retained the right to terminate or revoke the trust and reclaim the trust principal and income. Unless a trust is specifically made irrevocable, it is revocable. Even an irrevocable trust is revocable upon the written consent of all living persons with an interest in the […]
Policy Links Regarding Resources
Home property – a home is defined as any shelter in which the individual has an ownership interest and which is used by the individual as his/her principal place of residence. The home may be either real or personal property, fixed or mobile. Home property includes all property which is adjacent to the home. Policy regarding […]
Overpayment – an overpayment claim occurs when a household receives more benefits or a child care provider receives more payment than it is entitled to receive.
Irrevocable trust – means a trust in which the grantor has expressly not retained the right to terminate or revoke the trust and reclaim the trust principal and income. Policy regarding this term is located at: SoonerCare (Medicaid): 317:35-5-41.2. Miscellaneous Personal property; 317:35-5-41.6. Trust accounts; 317:35-5-41.7. Retirement funds; and 317:35-5-41.8. Eligibility regarding long-term care services. […]
Insurance – examples of insurance include life, health, dental, vision, accidental death and dismemberment, and insurance for dependents. Life insurance policies with a cash value are considered as resources for SoonerCare (Medicaid) and TANF. When a person receives SoonerCare (Medicaid) and has medical insurance, the insurance is the first payer of medical claims. When an […]
Policy Links Regarding Eligible Couple
Deeming – a term used when a portion of one individual’s income and/or resources are considered in determining the eligibility of another. Policy regarding this term is located at: SNAP: 340:50-5-49. Sponsored aliens. SoonerCare (Medicaid)[ABE]: 317:35-5-41.11. Maximum resources; 317:35-5-42. Determination of countable income for individuals categorically related to aged, blind and disabled; 317:35-7-44. Eligibility for […]
Commensurate return – a term used in the SoonerCare (Medicaid) program regarding transfer of resources. When a person requires long term care assistance and transferred resources to someone else within a specified time period, OHCA expects the person to receive fair market value for the resource. Policy regarding this term is located at: SoonerCare (Medicaid): […]
Use the SND Transaction to obtain Section 8 / Housing Authority Verification