BANK ACCOUNTS SR 22-27 Dated 09/22  (MAM-A)

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Count the value of bank accounts such as but not limited to:

·       savings and savings certificates;

·       checking;

·       pre-paid debit cards (such as Direct Express, Green Dot, EPPI/Way2Go, et cetera)

·       NOW accounts;

·       savings of a foster child either in the form of a revolving fund account or separate savings account;

·       credit union accounts; and

·       patient accounts for nursing facility cases.

Treatment: Countable Resource for all non-MAGI programs

See also Certificates of Deposit, IRAs, Keogh Plans, PASS and Trusts.

 

References: He-W 856.04; RSA 167:81