Section 12-7-2-44.6 - "Countable asset" "Countable asset" means the following:
(1) For purposes of IC 12-10-10, property that is included in determining assets in the same manner as determining an individual's eligibility for the Medicaid aged and disabled waiver.(2) For purposes of IC 12-20, noncash property that is not necessary for the health, safety, or decent living standard of a household that:(A) is owned wholly or in part by the applicant or a member of the applicant's household;(B) the applicant or the household member has the legal right to sell or liquidate; and(C) includes: (i) real property other than property that is used for the production of income or that is the primary residence of the household;(ii) savings and checking accounts, certificates of deposit, bonds, stocks, and other intangibles that have a net cash value; and(iii) boats, other vehicles, or any other personal property used solely for recreational or entertainment purposes.Amended by P.L. 87-2017,SEC. 1, eff. 7/1/2017.Amended by P.L. 145-2014, SEC. 2, eff. 7/1/2014.As added by P.L. 51-1996, SEC.3.