Ind. Code § 12-15-3-1.5
(a) This section applies beginning the later of the following:
(c) If an individual:
(2) has a spouse who does not reside in a nursing facility or another medical institution;
the total cash value of money, stock, bonds, and life insurance that may be owned by the couple to be eligible for Medicaid is determined under IC 12-15-2-24 .
As added by P.L.278-2013, SEC.11.