PM 07-02-11: Resources Needed for Self-Support

WAG 07-02-11

For AABD community and LTC cases, income-producing property is exempt up to $6,000 of the person's equity value in the property.  The $6,000 exemption applies only if the property produces a net annual income of at least 6% of the excluded equity value of the property or failure to produce at least 6% is beyond the person's control.

New textAllow the exemption for rental property resources whether the income is considered earned or unearned. Allow the exemption for resources for self-support when considering the resources of the spouse.