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EAS 63-501.3; ACL 97-66; §50416.63-501.3ACL 97-6650416.

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Presentation on theme: "EAS 63-501.3; ACL 97-66; §50416.63-501.3ACL 97-6650416."— Presentation transcript:

1 EAS 63-501.3; ACL 97-66; §50416.63-501.3ACL 97-6650416

2 CalWORKs & CalFresh For these two programs property utilized as income producing are EXEMPT from resources meaning they do not count at all toward the property limits.

3 Utilization: Income Producing for CalWORKs & CalFresh Property which annually produces income consistent with its fair market value, even if only used on a seasonal basis. Such property shall include rental homes and vacation homes. Property which is “essential to the employment or self-employment” of a household member.

4 Medi-Cal For Medi-Cal the properties which are utilized as income producing may be only partially exempt from resources. Any amount after deducting the $6000 standard and verified encumbrances from the market value is counted toward the property limit. If the value is less than $6000 the entire property value would be exempt.

5 Utilization: Income producing for Medi-Cal The beneficiary is receiving net yearly income from the property of at least six percent of the net market value of the property. Use of the form MC176P is recommended to verify the value and whether or not the property meets the utilization requirement for Medi-Cal only.MC176P

6 Utilization: Income producing for Medi-Cal (Monthly vs. Yearly Income)… For property not limited to seasonal use, this requirement is met if the net monthly income from the property is one-twelfth of six percent of the net market value of the property. For property limited to seasonal use, this requirement is met if the net yearly income is six percent of the net market value of the property. (Example: Farmland, Summer Cabins, Pools etc.)

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8 C-IV functionality C-IV is currently designed to run all programs correctly as long as the information is entered correctly into the system.

9 Questions


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