How does SSA define assets?
• Liquid assets (Those that can be converted to cash within 20 days) • Real estate, excluding the applicant’s primary residence; • Cash and savings accounts; and • Some insurance policies. 7. How does SSA define household size? SSA defines household to include all family members living in the same house. Family members include all your relatives related by blood, marriage or adoption who rely on you for at least half of their support. 8. What are the eligibility requirements for each of the three groups? The first group is for those individuals who receive Medicaid (help through the state) and whose income is at or below 100% of Federal poverty level (FPL). People in this group: • Do not pay a premium or deductible, • Do pay $1 for generic drugs and $3 for name brand drugs Note: People in this group do not need to apply for the assistance. They are already eligible. The second group is for people whose income is between 100% and 135% FPL and whose assets are below $6,000 for an individ
