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Eligibility Basics: Assets for MA-EPD

The asset limit for MA-EPD is $20,000 regardless of household size. The calculation of assets for MA-EPD differs slightly from that of standard MA.

For MA-EPD, the following rules apply to assets:

Verification of assets follows MA policy. Verify all countable assets at application, six-month income/asset renewal, and annual renewal.

Do not count the assets of the client's spouse. To determine an individual's share of jointly owned assets, follow the instructions in Health Care Program Manual. To access the manual click on the button above.

Use the asset exclusions allowed for Method B. This includes the homestead, certain vehicles, certain burial funds and burial space items, household goods and personal effects, assets used in a trade or business, and certain trusts. For more detailed information on asset exclusions, click on the policy manual at the top of the page.

The following additional exclusions are allowed for MA-EPD:

Retirement accounts, such as IRAs, 401Ks, pension plans, and Keogh plans.

Medical expense accounts that are set up through the individual's employer.

If an MA-EPD enrollee:

• turns age 65 or older in 2012 or 2013,
• was enrolled for 20 out of 24 months prior to their birthday month, and
• MA-EPD eligibility ends,

continue to apply MA-EPD asset policies when determining basic MA eligibility for as long as there is no break in MA eligibility of one calendar month or more.

If an MA-EPD enrollee:

• turns age 65 in 2014 or later,
• was enrolled for 24 months prior to their birthday month, and
• MA-EPD eligibility ends,

continue to apply MA-EPD asset policies when determining basic MA eligibility for as long as there is no break in MA eligibility of one calendar month or more.

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