Assets Limitation

Section 682 Section 682.200  Assets Limitation a)         Adult Customers, age 18 years or above, may have no more than $17,500 in Customer-only non-exempt assets in order to receive services through HSP. b)         Minor Customers, those under 18 years, may have no more than $35,000 in total family non-exempt assets.  In order to determine total family assets, the Customer and all other individuals who contribute to the family unit, or rely on the family unit for support, shall be counted. c)         A married Customer, whose spouse does not receive HSP services and is not institutionalized, shall not own interest in non-exempt assets having a total value in excess of $17,500.  Non-exempt assets having a value over this figure and up to the amount allowed by the Community Spouse Asset Allowance, as adopted by the Illinois Department of Healthcare and Family Services (HFS) at 89 Ill. Adm. Code 120.379(d), must be transferred to, or for the sole benefit of, the community spouse.  If the Customer's assets exceed the asset disregard and prevention of spousal impoverishment amount, but the excess is less than $17,500, the Customer is eligible for HSP services.  If the excess is greater than $17,500, the individual is ineligible for services.  Customers who may be qualified for the spousal impoverishment exception may receive Interim Services while HFS determines the eligibility factor.