Sec. 44.6. "Countable asset" means the following:
(1) For purposes of IC 12-10-10, property that is included in determining assets in the same manner as determining an individual's eligibility for the Medicaid aged and disabled waiver.
(2) For purposes of IC 12-20, noncash property that is not necessary for the health, safety, or decent living standard of a household that:
(A) is owned wholly or in part by the applicant or a member of the applicant's household;
(B) the applicant or the household member has the legal right to sell or liquidate; and
(C) includes:
(i) real property other than property that is used for the production of income or that is the primary residence of the household;
(ii) savings and checking accounts, certificates of deposit, bonds, stocks, and other intangibles that have a net cash value; and
(iii) boats, other vehicles, or any other personal property used solely for recreational or entertainment purposes.
As added by P.L.51-1996, SEC.3. Amended by P.L.145-2014, SEC.2; P.L.87-2017, SEC.1.
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