[Education and Welfare] Blind Pension Assets
ethomas at lhbindustries.com
Sat Mar 24 09:41:17 CDT 2012
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.
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On Mar 24, 2012, at 9:22 AM, "Mary Pendleton" <maryleep at att.net> wrote:
> 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.
> ----- 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.
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