In determining countable resources, certain exclusions are authorized by Title XVI of the Social Security Act, by other Federal laws, and by certain court cases. These exclusions are:
An individual's home, regardless of value. This exclusion applies to a home owned by the individual or the individual's spouse if it is the principal place of residence. A home includes any adjacent land and related buildings on it;
Restricted allotted Indian lands;
Household goods and personal effects regardless of value;
One vehicle, regardless of value, if you or a member or your household uses it for transportation (see §2157);
Property of a trade or business without limit;
Non-business property of a reasonable value that is needed for self-support;
Resources of a blind or disabled individual that are needed to carry out an approved plan for achieving self-support (see §2177);
Life insurance as described in §2159;
Disaster relief as described in §2162;
Payments or benefits excluded by provisions of a Federal statute other than Title XVI of the Social Security Act;
Title XVI or Title II retroactive payments as provided in 20 CFR §416.1233;
Housing assistance as provided in 20 CFR §416.1238;
Refunds of Federal income taxes and advances made by an employer relating to an earned tax credit as provided in 20 CFR §416.1235;
Shares of stock held by a native of Alaska in a regional or village corporation during the 20-year period in which, under the provisions of the Alaska Native Claims Settlement Act, such stock cannot be transferred;
Payments received as compensation for expenses incurred or losses suffered as a result of a crime for nine months following the month of receipt;
Relocation assistance from a State or local government for nine months; and
Dedicated financial institution accounts required to be established for the payment of past-due benefits to disabled children as provided in 20 CFR 416.1247.
Grants, scholarships, fellowships or gifts provided for tuition, fees or other necessary educational expenses for 9 months after the month of receipt (effective 6/1/04).
State annuities for certain veterans (effective 9/1/08).
Filipino Veterans Equity Compensation Fund payments (effective 2/17/09).
The one-time $250 economic recovery payment under the American Recovery and Reinvestment Act of 2009 (ARRA) for 9 months after the month of receipt (effective 2/17/09)
Incentives provided to Medicaid beneficiaries from the Incentives for Prevention of Chronic Diseases in Medicaid program (IPCDM) under the Affordable Care Act (effective 3/23/10).
The first $2000 per calendar year of compensation received for participating in certain clinical trials.
NOTE: An eligible couple gets the same resource exclusions as an eligible individual. However, the resource limit is higher for an eligible couple.
Last Revised: Aug. 1, 2011