Note: An account reported as closed by the applicant or recipient must be verified as having a $0 balance for the appropriate test month(s).
#Liquid ledger personal finance verification
If the verification provided does not include the required information listed above, send Form H1020, Request for Information or Action to request the missing information.
amount of the balance as of 12:01 a.m. The verification must include all of the following: written follow-up if unable to obtain information by phone or if the information obtained by phone makes the person ineligible. contact by phone with an employee of the financial institution using phone contact documentation or. for the first day of the appropriate month(s) a letter from the financial institution that provides the balance(s) as of 12:01 a.m. Form H1239, Request for Verification of Bank Accounts (HHSC does not pay financial institutions to complete the form). bank statements reflecting balances as of 12:01 a.m. Reduce the bank account balance by the amount of any funds encumbered before 12:01 a.m. on the first day of the month for which eligibility is being tested, is a countable resource. See Appendix XVI, Documentation and Verification GuideĪ person’s bank balance, as of 12:01 a.m. Accept the person’s word for the amount of cash on hand. Revision 09-4 Effective December 1, 2009Ĭash is a countable resource. You can redeem them anytime after that time period. savings bonds occurs after a minimum of one year. However, some liquid resources are not convertible to cash within 20 working days due to prevailing conditions of the assets. Presume that these assets (and similar financial accounts and instruments) can be converted to cash within 20 workdays and are countable as resources. Trusts, including revocable trusts and trusts in which the person can direct the use of the funds. Retirement accounts (including individual retirement accounts and 401(k) accounts). Financial institutions accounts (including savings, checking and time deposits, also known as certificates of deposit). Annuities (see Section F-7000, Annuities). 
Liquid resources are cash or other assets, which can be converted to cash within 20 workdays.Įxamples of resources that are ordinarily liquid are: Revision 10-3 Effective September 1, 2010 Chapter P, Long-term Care Partnership Program.Chapter O, Waiver Programs, Demonstration Projects and All-Inclusive Care.Chapter N, Medicaid Buy-In for Children.F-4400, Plan for Achieving Self-Support.F-4300, Resources Essential to Self-Support.F-4000, Liquid and Nonliquid Resources Menu button for F-4000, Liquid and Nonliquid Resources">.
F-2000, Resource Exclusions – Limited and Related to Exempt Income.F-1000, General Principles of Resources.Chapter F, Resources Menu button for Chapter F, Resources">.Chapter B, Applications and Redeterminations.Chapter A, General Information and MEPD Groups.
Medicaid Supplemental Payment & Directed Payment Programs.
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