Indiana Code 12-7-2-44.6. “Countable asset”
(1) For purposes of IC 12-10-10, property that is included in determining assets in the same manner as determining an individual’s eligibility for the Medicaid aged and disabled waiver.
Terms Used In Indiana Code 12-7-2-44.6
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(A) is owned wholly or in part by the applicant or a member of the applicant’s household;
(B) the applicant or the household member has the legal right to sell or liquidate; and
(C) includes:
(i) real property other than property that is used for the production of income or that is the primary residence of the household;
(ii) savings and checking accounts, certificates of deposit, bonds, stocks, and other intangibles that have a net cash value; and
(iii) boats, other vehicles, or any other personal property used solely for recreational or entertainment purposes.
As added by P.L.51-1996, SEC.3. Amended by P.L.145-2014, SEC.2; P.L.87-2017, SEC.1.