Medicaid Code of Administrative Rules, Section #0382: Evaluation of Resources

Regulation Authority:

Chapter 40-6 of the Rhode Island General Laws, as amended; Title XIX of the Social Security Act

Purpose and Reason:

Section 0382 “Evaluation of Resources” of the Medicaid Code of Administrative Rules is promulgated to ensure the rules are in compliance with State and federal guidance and to reflect the following: the amount of allowable home equity interest has been increased for individuals seeking eligibility for Medicaid nursing facility services or other long-term care services from $536,000 to $543,000. In addition, the amount of the equity value of the life estate of an institutionalized individual that can be considered an excluded resource has increased from $536,000 to $543,000. Other technical revisions to the rule included changing references from “Medical Assistance” to “Medicaid” and changing references from “Long-Term Care (LTC)” to “Long Term Services and Supports (LTSS).”