Section 75-02-02.1-26 - Asset limitsIn all instances, including determinations of equity, property must be realistically evaluated in accord with current fair market value. No one subject to an asset limit may be found eligible for medicaid unless the combined equity value of the medicaid unit's assets of whatever nature, not excluded pursuant to section 75-02-02.1-28 or section 75-02-02.1-28.1, do not exceed:
1. For individuals who seek benefits as members of the categorically needy or medically needy aged, blind, and disabled groups:a. Three thousand dollars for a one-person unit;b. Six thousand dollars for a two-person unit; andc. An additional amount of twenty-five dollars for each member of the unit in excess of two;2. For individuals who seek benefits as qualified medicare beneficiaries, qualifying individuals, or special low-income medicare beneficiaries pursuant to section 75-02-02.1-22, the asset limits provided in that section; or3. For individuals who seek benefits as qualified disabled and working individuals pursuant to section 75-02-02.1-23, the asset limits provided in that section.N.D. Admin Code 75-02-02.1-26
General Authority: NDCC 50-06-16, 50-24.1-04
Law Implemented: NDCC 50-24.1-02