5101:1-39-27.6 Medicaid: dividends and interest.

Generally, accrued dividends and interest on savings accounts and certificates, stocks, bonds, etc., are added to the principal and the total evaluated as a liquid asset. Dividends and interest paid directly to the individual/couple are not added to the value of the resource are considered unearned income. Exceptions to this provision are specifically identified within appropriate rules throughout Chapter 5101:1-39 of the Administrative Code.

Eff 9-3-77; 2-1-79; 10-1-79; 1-3-80; 12-1-84 (Emer.); 2-10-85; 5-3-85 (Emer.); 8-1-85; 9-1-85 (Emer.); 11-25-85; 4-1-91; 10-1-02
Rule promulgated under: RC 111.15
Rule authorized by: RC 5111.01 , 5111.011
Rule amplifies: RC 5111.01 , 5111.011
R.C. 119.032 review dates: 6/11/2002 and 10/01/2007