What if you have $$$ from Sale of Home and are buying a new home?
First, see our General Page on the Low Income Subsidy LIS we will try not to duplicate the same information.
Your resources must be limited to$13,640 for an individual or $27,250 for a married couple living together. Resources include such things as bank accounts, stocks and bonds.
We do not count your home, car or any life insurance policy as resources;
30.5 Spenddown 30.6 Family Size 30.7 Financial Requirements 30.8 Evaluating Resources 30.8.1 Resource Standards 30.8.2 Resource Exclusions 30.8.3 Determining Countable Resources 30.8.4 Funds Held in Financial Institution Accounts
Q. What counts as income and resources?
A. The extra help has special income rules, based on but not identical to the rules for the Supplemental Security Income (SSI) program; the rules for counting resources are, for the most part, the same as the standard SSI resource rules.
Is there estate recovery?
1031 Exchange? Nope, doesn’t apply to primary residence?
Other Pages in the Part D Rx Prescriptions Section