[Education and Welfare] Blind Pension Assets

[Elton Thomas]

The only asset I believe is excluded are homes. The GAAP standard is that equipment and most properties do depreciate. Any loans or capital is counted as assets.

Elton

Sent from my iPhone

On Mar 24, 2012, at 9:22 AM, "Mary Pendleton" <maryleep at att.net> wrote:

> Elton,
> Can you count scholarships since they are used each year and not something we can cash in. Also our adaptive equipment , like cars, goes down in value. If I had to sell every bit of mine including my PC, it would not come close to the $20,000 limit unless Silvey would like us to have a $1,000 limit like most Medicaid users. There are some couples in our state who have rental property that they successfully hide. Of course I don't know how many of those still get Medicaid or Blind Pension.
> Mary
> ----- Original Message ----- From: "Elton Thomas" <ethomas at lhbindustries.com>
> To: "Education and Welfare" <ew at moblind.org>
> Sent: Saturday, March 24, 2012 5:44 AM
> Subject: [Education and Welfare] Blind Pension Assets
> 
> 
>> It's interesting that Silvey said there are 60,000 blind folks living in Missouri and out of that 2,800 receive blind pension. That in itself should show how restricted it is.
>> 
>> Adaptive equipment and scholarships are 2 things right there that will put many blind folks over the $20,000 asset limit.
>> 
>> Elton
>> 
>> Sent from my iPhone
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> 
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