130 Mass. Reg. 520.003

Current through Register 1522, May 24, 2024
Section 520.003 - Asset Limit
(A) The total value of countable assets owned by or available to individuals applying for or receiving MassHealth Standard, Family Assistance, or Limited may not exceed the following limits:
(1) for an individual - $2,000; and
(2) for a couple living together in the community where there is financial responsibility according to 130 CMR 520.002(A)(1) - $3,000.
(B) The total value of countable assets owned by or available to individuals applying for or receiving MassHealth Senior Buy-in for Qualified Medicare Beneficiaries (QMB) as described in 130 CMR 519.010: MassHealth Senior Buy-in (for Qualified Medicare Beneficiaries (QMB)) or MassHealth Buy-in for Specified Low Income Medicare Beneficiaries (SLMB) or MassHealth Buy-in for Qualifying Individuals (QI), both as described in 130 CMR 519.011: MassHealth Buy-in, may not exceed the amount equal to two times the amount of allowable assets for Medicare Savings Programs as identified by the Centers for Medicare and Medicaid Services. Each calendar year, the allowable asset limits shall be made available on MassHealth's website.
(C) The treatment of a married couple's assets when one spouse is institutionalized, as described in 130 CMR 520.016(B).

130 CMR 520.003

Amended by Mass Register Issue 1407, eff. 1/1/2020.
Amended by Mass Register Issue 1495, eff. 5/1/2023 (EMERGENCY).
Amended by Mass Register Issue 1504, eff. 8/24/2023 (EMERGENCY).
Amended by Mass Register Issue 1506, eff. 8/24/2023 (COMPLIANCE).
Amended by Mass Register Issue 1519, eff. 4/1/2024 (EMERGENCY).