1. (a) Resource limit. An applicant must have countable resources at or below $10,000.
2. (b) Value of a nonliquid resource. The Texas Health and Human Services Commission (HHSC) considers the value of a nonliquid resource, except for a vehicle, to be its equity value. HHSC determines the equity value by subtracting any money owed on the resource and any reasonable cost associated with selling or transferring the resource from the fair market value.
3. (c) Consequence of transferring resources. An applicant, if otherwise eligible, is not denied Medicaid for Transitioning Foster Care Youth because the applicant transferred resources to qualify for assistance.

Source Note:The provisions of this §366.623 adopted to be effective June 9, 2010, 35 TexReg 4661.