405 IAC 2-3-23 Savings bonds

Sec. 23. (a) United States Savings Bonds are considered an available resource for Medicaid eligibility purposes beginning the first day following the mandatory retention period. (b) The value of the bonds shall be determined as follows: (1) Bonds issued at face value shall be valued at face value. (2) Bonds issued for less than face value shall be valued at the purchase price. (c) If the ownership of the bond is shared, each owner shall own equal shares of the redemption value of the bond.