Maine § 3174-AA. - Asset limits
Full text of Maine Maine Revised Statutes § 3174-AA. — Asset limits, with citation guidance and answers to common questions.
§ 3174-AA.. Asset limits
Beginning January 1, 2002, in determining eligibility for medical assistance under the Medicaid program for all individuals and families subject to an asset test, the department shall exempt from consideration all assets exempt pursuant to program rule on January 1, 2001 and shall adopt rules to exempt from consideration certain assets in amounts and under terms the department determines to be reasonable and consistent with the purposes of the Medicaid program as provided in this section. Rules adopted pursuant to this section are routine technical rules as defined in Title 5, chapter 375, subchapter II‑A. The rules must provide exemptions for the following assets: [PL 2001, c. 450, Pt. A, §4 (NEW).]
1. Second vehicle. A 2nd vehicle that is necessary for employment, to secure medical treatment or to provide transportation for essential daily activities or a vehicle that has been modified for operation by or the transportation of a person with a disability; and
2. Savings. An amount up to $8,000 for an individual and up to $12,000 for a household of more than one person.
Frequently Asked Questions About Maine § 3174-AA.
What does Maine Revised Statutes § 3174-AA. cover?
Section 3174-AA. ("Asset limits") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 3174-AA.?
A common citation format is "Maine Revised Statutes § 3174-AA." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 3174-AA. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.