405 Ind. Admin. Code 2-3-23

Current through October 16, 2024

Section 405 IAC 2-3-23 - Savings bonds

Authority: IC 12-15-1-10

Affected: IC 12-15-3

Sec. 23.

(a) United States Savings Bonds are considered an available resource for Medicaid eligibility purposes beginning the first day following the mandatory retention period.

(b) The value of the bonds shall be determined as follows:

(1) Bonds issued at face value shall be valued at face value.

(2) Bonds issued for less than face value shall be valued at the purchase price.

(c) If the ownership of the bond is shared, each owner shall own equal shares of the redemption value of the bond.

405 IAC 2-3-23

Office ofthe Secretary of Family and Social Services; 405 IAC 2-3-23; filed Oct 10, 2002, 10:50 a. m.: 26 IR 730; readopted filed Sep 19, 2007, 12:16p.m.: 20071010-IR-405070311RFA; readopted filed Oct 28, 2013, 3:18 p.m.: 20131127-IR-405130241RFA

Readopted filed 11/13/2019, 11:54 a.m.: 20191211-IR-405190487RFA

Filed 6/11/2021, 2:35 p.m.: 20210707-IR-405190602FRA