June 8, 2008 by admin

2165. Is your SSI eligibility affected if you dispose of a resource below its market value?

If you give away or sell a resource at less than fair market value on or after December 14, 1999, you may be ineligible for SSI for up to 36 months. We also must report such a transfer to the State Medicaid agency. A transfer of assets may result in a period of ineligibility for some Medicaid covered nursing home services.

Last Revised: Apr. 7, 2003