Authority: IC 12-15-1-10

Affected: IC 12-15-3

Sec. 23. (a) United States Savings Bonds are considered an available resource for Medicaid eligibility purposes beginning the first day following the mandatory retention period.

(b) The value of the bonds shall be determined as follows:

1. (1) Bonds issued at face value shall be valued at face value.
2. (2) Bonds issued for less than face value shall be valued at the purchase price.

(c) If the ownership of the bond is shared, each owner shall own equal shares of the redemption value of the bond.

(Office of the Secretary of Family and Social Services; 405 IAC 2-3-23; filed Oct 10, 2002, 10:50 a.m.: 26 IR 730; readopted filed Sep 19, 2007, 12:16 p.m.: 20071010-IR-405070311RFA; readopted filed Oct 28, 2013, 3:18 p.m.: 20131127-IR-405130241RFA; readopted filed Nov 13, 2019, 11:54 a.m.: 20191211-IR-405190487RFA; filed Jun 11, 2021, 2:35 p.m.: 20210707-IR-405190602FRA; readopted filed Oct 8, 2025, 3:16 p.m.: 20251105-IR-405240502RFA)