A “Resource Assessment” is the process that ALTCS uses to determine how much a healthy spouse is entitled to keep and still have the potential applicant qualify resource-wise for benefits. The applicant is allowed no more than $2,000.00 in countable assets.
All the countable assets of the marriage regardless of how they are titled or how they came to the marriage are added up. The total is divided in two with a minimum of $31,584.00 and a maximum of $157,920.00 for 2025.
If the divided number falls below the minimum then the healthy spouse is allowed to keep up to the minimum. If the divided amount is over the maximum then only the maximum is allowed. If the number falls between the two then that number is used.
It is from this process that the state coined the term “spend down” that a healthy spouse must spend down the marital assets to fit the formulary as outlined in the resource assessment in order for the applicant to qualify.
What is considered a “countable resource”
This includes most cash, stocks, bonds, savings accounts, real estate (except the primary residence if not in a trust), and certain life insurance policies, depending on the specific circumstances.
Exclusions
The primary residence, one vehicle, certain burial plots, and personal belongings are generally not counted as countable resources.
How it works
- Gather information: The applicant will need to provide detailed information about their assets, including bank statements, property deeds, and investment records.
- Calculation: The ALTCS interviewer will total all countable assets and divide them in two. They then apply the rule-set appropriate to the situation to determine how much the healthy spouse can keep.
Importance of planning
Due to the complex rules, it’s often recommended to consult with an elder law attorney to understand how to best manage assets and potentially maximize eligibility for ALTCS.