A member of a household may not be found eligible for benefits unless the value of the household's assets, not specifically excluded under this chapter, does not exceed nine thousand dollars for a household consisting of one individual, fifteen thousand dollars for households consisting of two individuals, and an additional five hundred dollars for each additional individual. In all instances, including determination of equity, property must be realistically evaluated in accord with current market value. Any reasonable costs associated with liquidation of excess assets must be taken into account.

History: Effective December 9, 1996; amended effective July 1, 1997; January 1, 2003; April 1, 2026.