Limit on Length on Value of Further Reference Resource of Time of Exclusion MPPM & POMS Exclusion Home property Principal place of residence, No No including the land it sits on and other buildings on it. Vacant land if person intends No No to live on it and has no other residence to exclude. Funds from the sale of a No Yes home if invested timely in a replacement home Automobile One vehicle regardless of No No value. Second vehicle if used for transportation Life Insurance with face values Yes No totaling $10,000 or less Burial funds for applicant/beneficiary and their Yes No – spouse SI 01130.412 Burial items owned or held by applicant /beneficiary and/or No No – their spouse or immediate SI 01130.412 family member Certain pre-need burial Yes No – contracts SI 01130.412 Retained SSI and Social No Yes Security Lump Sum benefits
Resource on Value of Exclusion Limit on Length of Time of Exclusion Further Reference MPPM & POMS Home property Principal place of residence, including the land it sits on and other buildings on it. Vacant land if person intends to live on it and has no other residence to exclude. Funds from the sale of a home if invested timely in a replacement home No No No No No Yes Automobile One vehicle regardless of value. Second vehicle if used for transportation No No Life Insurance with face values totaling $10,000 or less Yes No Burial funds for applicant/beneficiary and their spouse Yes No – SI 01130.412 Burial items owned or held by applicant /beneficiary and/or their spouse or immediate family member No No – SI 01130.412 Certain pre-need burial contracts Yes No – SI 01130.412 Retained SSI and Social Security Lump Sum benefits No Yes