by Thomas D. Begley, Jr., CELA<\/p>\n
<\/p>\n
Countable Asset for SSI and Medicaid<\/em><\/strong><\/p>\n A question arises as to whether assets held in an MSA are countable for SSI and Medicaid purposes. This has been addressed by CMS in the WC context, but the same line of reasoning should apply to third party liability cases. CMS has stated that:[1]<\/a><\/p>\n Medicare Set-Aside Arrangements are not subject to any special treatment under Medicaid resource rules. These funds should be evaluated to determine whether they meet the legal definition of a resource for Supplement Security Income (SSI) and, therefore, Medicaid purposes, i.e., \u2018cash or other assets that an individual owns and could convert to cash to be used for his or her support and maintenance.\u2019 The funds must be in interest-bearing accounts. The funds may meet the SSI\/Medicaid resource definitions.<\/p>\n There may be cases in which funds in a Medicare Set-Aside Arrangement are placed into trusts, possibly trusts that would (more…)<\/span><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" by Thomas D. Begley, Jr., CELA Countable Asset for SSI and Medicaid A question arises as to whether assets held in an MSA are countable for SSI and Medicaid purposes. This has been addressed by CMS in the WC…<\/span><\/p>\n