CHAPTER 3. INELIGIBILITY; FINANCIAL LIMITATIONS

IC 12-15-3
    Chapter 3. Ineligibility; Financial Limitations

IC 12-15-3-0.5
Applicability of chapter
    Sec. 0.5. This chapter does not apply to an individual participatingin the Medicaid buy-in program beginning July 1, 2002, establishedunder IC 12-15-41.
As added by P.L.287-2001, SEC.7.

IC 12-15-3-1
Medical assistance to aged, blind, or disabled; total cash value ofmoney, stock, bonds, and life insurance owned by applicant orapplicant and spouse; limitations
    Sec. 1. (a) Except as provided in subsections (b) and (c), anapplicant for or recipient of Medicaid is ineligible for assistance ifthe total cash value of money, stock, bonds, and life insurance ownedby:
        (1) the applicant or recipient is more than one thousand fivehundred dollars ($1,500) for assistance to the aged, blind, ordisabled; or
        (2) the applicant or recipient and the applicant's or recipient'sspouse is more than two thousand two hundred fifty dollars($2,250) for medical assistance to the aged, blind, or disabled.
    (b) In the case of an applicant who is an eligible individual, aHolocaust victim's settlement payment received by the applicant orthe applicant's spouse may not be considered when calculating thetotal cash value of money, stock, bonds, and life insurance owned bythe applicant or the applicant's spouse.
    (c) In the case of an individual who:
        (1) resides in a nursing facility or another medical institution;and
        (2) has a spouse who does not reside in a nursing facility oranother medical institution;
the total cash value of money, stock, bonds, and life insurance thatmay be owned by the couple to be eligible for the program isdetermined under IC 12-15-2-24.
As added by P.L.2-1992, SEC.9. Amended by P.L.128-1999, SEC.21;P.L.246-2005, SEC.104.

IC 12-15-3-2
Parent of applicant for or recipient of assistance to blind ordisabled who is less than 18 years of age; ownership of money,stock, bonds, and life insurance; total cash value limitation
    Sec. 2. (a) If the parent of an applicant for or a recipient ofassistance to the blind or disabled who is less than eighteen (18)years of age owns money, stock, bonds, and life insurance whosetotal cash value is more than one thousand five hundred dollars($1,500), the amount of the excess shall be added to the total cashvalue of money, stock, bonds, and life insurance owned by the

applicant or recipient to determine the recipient's eligibility forMedicaid under section 1 of this chapter.
    (b) However, a Holocaust victim's settlement payment received bythe parent of an applicant for or a recipient of assistance may not beadded to the total cash value of money, stock, bonds, and lifeinsurance owned by the applicant or recipient to determine therecipient's eligibility for Medicaid under section 1 of this chapter.
As added by P.L.2-1992, SEC.9. Amended by P.L.128-1999, SEC.22.

IC 12-15-3-3
Parents of applicant for or recipient of assistance to blind ordisabled who is less than 18 years of age; ownership of money,stock, bonds, and life insurance; total cash value limitation
    Sec. 3. If the parents of an applicant for or a recipient ofassistance to the blind or disabled who is less than eighteen (18)years of age own money, stock, bonds, and life insurance whose totalcash value is more than two thousand two hundred fifty dollars($2,250), the amount of the excess shall be added to the total cashvalue of money, stock, bonds, and life insurance owned by theapplicant or recipient to determine the recipient's eligibility forMedicaid under section 1 of this chapter.
As added by P.L.2-1992, SEC.9.

IC 12-15-3-4
Total cash value limitations on ownership of money, stock, bonds,and life insurance; parent and parents defined
    Sec. 4. For purposes of sections 2 and 3 of this chapter, except foran applicant or a recipient who is determined to be eligible for homeand community based services under 42 U.S.C. 1396 et seq., theapplicant's or recipient's parent or parents are the parent or parentswith whom the applicant or recipient resides.
As added by P.L.2-1992, SEC.9.

IC 12-15-3-5
Limitation on total cash value of money, stocks, bonds, and lifeinsurance owned by applicants or recipients not described inIC 12-15-3-1
    Sec. 5. The office may set the total cash value of money, stock,bonds, and life insurance that an applicant for or a recipient ofMedicaid may own without being ineligible for Medicaid in casesnot described in section 1 of this chapter.
As added by P.L.2-1992, SEC.9.

IC 12-15-3-6
Purchase of qualified long term care insurance policy; computationunder this chapter
    Sec. 6. A computation under this chapter concerning an individualwho purchases a qualified long term care insurance policy underIC 12-15-39.6 must take into consideration the asset disregardestablished under IC 12-15-39.6-10.As added by P.L.2-1992, SEC.9. Amended by P.L.24-1997, SEC.47;P.L.1-2006, SEC.187.