16.3 Separate and Mixed Assets

When a Medicaid group keeps an exempt asset in:

A separate account or an account with other exempt assets, exempt the exempt asset:
1. Indefinitely, for example, most payments to Native Americans (see Section 15.3.14 Payments to Native Americans), or
2. For as long as the exemption can be applied to the asset, for example, EITCEarned Income Tax Credit (see Section 16.7.8 Earned Income Tax Credit), which is exempt for 12 months following the month of receipt.
An account mixed with other assets (some of which are non-exempt), exempt only the portion that is considered the exempt asset:
1. For six months from the date the exempt asset was mixed with the non-exempt assets, or
2. If the exempt asset has been prorated as income, exempt it for the period over which it is prorated.

This page last updated in Release Number: 15-01
Release Date: 06/10/2015
Effective Date: 06/10/2015

The information concerning the Medicaid program provided in this handbook release is published in accordance with: Titles XI and XIX of the Social Security Act; Parts 430 through 481 of Title 42 of the Code of Federal Regulations; Chapters 46 and 49 of the Wisconsin Statutes; and Chapters HA 3, DHS 2, 10 and 101 through 109 of the Wisconsin Administrative Code.

Notice: The content within this manual is the sole responsibility of the State of Wisconsin's Department of Health Services (DHS). This site will link to sites outside of DHS where appropriate. DHS is in no way responsible for the content of sites outside of DHS.

Publication Number: P-10030