A licensed vehicle is exempt if it is used more than fifty percent (50%) of the time for income-producing purposes. Example: a self employed applicant uses a tow truck, welding truck or tractor trailer to make a living. The following are suggestions for determining the fair market value of a vehicle: The average trade-in value listed in the current National Automobile Dealer’s Association (NADA) Car Guide is used. The loan value of the vehicle is used only if other sources are unavailable. If the household thinks that the average trade-in value listed in the NADA is incorrect because of the the household may vehicle’s condition (body damage), provide verification from a reliable source, such as a bank loan officer or licensed car dealer. Increased value due to low mileage or optional equipment is not counted. The household must prove the value of antique, custom-made, or classic vehicles if an accurate appraisal cannot be made by staff. The estimated value of vehicles no longer listed in NADA is household’s accepted unless the value is questionable and would affect eligibility. In this case the household should provide an appraisal from a licensed car dealer or some other evidence of the value, such as a tax assessment or newspaper ad showing the sale price of a similar vehicle. For new vehicles not yet listed in the NADA, the household should provide an estimate of the trade-in value from a new car dealer or a bank loan officer. If this is not possible, the estimate is accepted unless it is questionable household’s and would affect eligibility. PENALTY FOR TRANSFERRING RESOURCES - A household is ineligible if within three months before application or any time after certification it transferred a countable resource for less than the fair market value to qualify for county medical assistance. The household is ineligible beginning with the date that the resource was for two years transferred. If spouses are legally separated, transfer of separate property by one spouse does not affect the eligibility of the other spouse. THIS PENALTY APPLIES ONLY IF THE VALUE OF THE TRANSFERRED RESOURCE PLUS THE RESOURCES HOUSEHOLD’S OTHER COUNTABLE WOULD HAVE AFFECTED ELIGIBILITY. ADDENDUM 3 EXCLUSIONS AND LIMITATIONS GENERAL EXLUSIONS The following services and supplies are excluded: Not specifically provided by the Ector County Hospital or an approved provider. Not medically necessary
A licensed vehicle is exempt if it is used more than fifty percent (50%) of the time for income-producing purposes. Example: a self employed applicant uses a tow truck, welding truck or tractor trailer to make a living. The following are suggestions for determining the fair market value of a vehicle: The average trade-in value listed in the current National Automobile Dealer’s Association (NADA) Car Guide is used. The loan value of the vehicle is used only if other sources are unavailable. If the household thinks that the average trade-in value listed in the NADA is incorrect because of the vehicle’s condition (body damage), the household may provide verification from a reliable source, such as a bank loan officer or licensed car dealer. Increased value due to low mileage or optional equipment is not counted. The household must prove the value of antique, custom-made, or classic vehicles if an accurate appraisal cannot be made by staff. The household’s estimated value of vehicles no longer listed in NADA is accepted unless the value is questionable and would affect eligibility. In this case the household should provide an appraisal from a licensed car dealer or some other evidence of the value, such as a tax assessment or newspaper ad showing the sale price of a similar vehicle. For new vehicles not yet listed in the NADA, the household should provide an estimate of the trade-in value from a new car dealer or a bank loan officer. If this is not possible, the household’s estimate is accepted unless it is questionable and would affect eligibility. PENALTY FOR TRANSFERRING RESOURCES - A household is ineligible if within three months before application or any time after certification it transferred a countable resource for less than the fair market value to qualify for county medical assistance. The household is ineligible for two years beginning with the date that the resource was transferred. If spouses are legally separated, transfer of separate property by one spouse does not affect the eligibility of the other spouse. THIS PENALTY APPLIES ONLY IF THE VALUE OF THE TRANSFERRED RESOURCE PLUS THE HOUSEHOLD’S OTHER COUNTABLE RESOURCES WOULD HAVE AFFECTED ELIGIBILITY. ADDENDUM 3 EXCLUSIONS AND LIMITATIONS GENERAL EXLUSIONS The following services and supplies are excluded: Not specifically provided by the Ector County Hospital or an approved provider. Not medically necessary
FY-2016-ECHDA-POLICY.docx