PM 08-02-06-z
Medical
Funds must be written and deposited directly to the ABLE account. If the money goes to the customer first, it will count towards their eligibility.
Obtain verification of the account type and funds deposited, generally via an account statement.
Ex 1: Suzie's grandmother writes a check for $1,000 to Suzie. Suzie cashes the check and then writes another check to put the money into her ABLE account. This is considered income in the month received and a countable resource the following month.
Ex 2: Suzie's grandmother writes a check for $1,000 to Suzie's ABLE account. This is exempt.
