PM 07-04-09-b: Handling of Exempt Funds

WAG 07-04-09-b

Exempt monies remain exempt, if kept in a separate account and not combined in an account with nonexempt monies.

Exempt monies combined in an account with nonexempt monies remain exempt for 6 months from the date they are combined. After 6 months in the combined account the exempt monies become nonexempt and affect eligibility. Educational benefits are exempt over the period they are intended to cover, even if combined with other funds.

revised manual text The assets of a categorically eligible SNAP household are exempt (see PM 05-07-00).unless the household receives substantial lottery and gambling winnings as a cash prize of New Manual Text$3,750 or more. See PM 07-04-21.