415.09 Penalty for Transferring Resources SR 96-02, 01/96 (FAM-A)

Financial Assistance — The entire assistance group is ineligible for financial assistance for 36 months from the date of the transfer when a financial assistance applicant or recipient has transferred countable property for less than fair market value in order to qualify for assistance.

Medical Assistance-Only — There is no penalty for transferring resources.

Exception: For institutionalized medical assistance applicants or recipients, see Adult Assistance Manual, Chapter 400, Resources.