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Simple English definitions for legal terms
noncountable resource
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A quick definition of noncountable resource:
A noncountable resource is something you own that doesn't count towards determining if you can get help from Medicaid. Resources can be things like money, property, or stocks. But some things don't count, like the home you live in, one vehicle for transportation, household items, and burial expenses. If you have a disability or are blind, you can also set aside money for a special plan to help you achieve your goals.
A more thorough explanation:
When determining eligibility for Medicaid, certain resources are excluded from being counted. A resource is something you own that can be turned into cash, such as property, stocks, bonds, and bank accounts. However, not all resources count towards eligibility and these are called noncountable resources.
Examples of noncountable resources include:
- The home you live in and the land it is on
- One vehicle, if you or a member of your household use it for transportation
- Household goods and personal effects
- Life insurance policies you own with a combined face value of $1,500 or less
- Burial plots or spaces for you or your immediate family
- Burial funds of up to $1,500 each for you and your spouse's burial expenses
- Property you or your spouse use in a trade or business, or on your job if you work for someone else
- If you are disabled or blind, money or property you have set aside under a Plan to Achieve Self-Support (PASS)
- Up to $100,000 of funds in an Achieving a Better Life Experience (ABLE) account established through a State ABLE Program
These examples illustrate that not all resources are counted towards Medicaid eligibility. For instance, the home you live in and the land it is on are not counted because they are considered essential for daily living. Similarly, one vehicle is not counted if it is used for transportation because it is necessary for getting to work or medical appointments. The other examples also show that certain resources are excluded because they are needed for specific purposes, such as burial expenses or work-related activities.