Sec. 44.6. "Countable asset" means the following: (1) For purposes of IC 12-10-10 , property that is included in determining assets in the same manner as determining an individual's eligibility for the Medicaid aged and disabled waiver. (2) For purposes of IC 12-20 , noncash property that is not necessary for the health, safety, or decent living standard of a household that: (A) is owned wholly or in part by the applicant or a member of the applicant's household; (B) the applicant or the household member has the legal right to sell or liquidate; and (C) includes: (i) real property other than property that is used for the production of income or that is the primary residence of the household; (ii) savings and checking accounts, certificates of deposit, bonds, stocks, and other intangibles that have a net cash value; and (iii) boats, other vehicles, or any other personal property used solely for recreational or entertainment purposes.
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