Section 2.46 of HB 2292, 78th Legislature, Regular Session, authorized the Texas Health and Human Services Commission (HHSC) to establish eligibility standards for the Children's Health Insurance Program (CHIP) regarding the type and dollar value of allowable assets for a family whose gross family income is above 150% of the Federal Poverty Level (FPL). Legislative appropriations assumed the implementation of an assets test.
The proposed assets test rules were published in the Texas Register in a detailed form on February 20, 2004. HHSC held public hearings on the rules in Austin on March 15 and 16. Approximately 100 comments were received during the public hearings and comment period, which ended March 21.
In response to public comment, the proposed rules were modified to exempt from the asset calculation:
Final rules will be published in the Texas Register on May 7, 2004, and will apply to any CHIP applications and renewals that have not been fully processed before August 24, 2004.
Assets Test Policy:
Families with incomes above 150% FPL who are newly applying for or renewing CHIP coverage and who have not been found eligible for a new term of coverage before August 24, 2004, may not have assets that exceed specified limits after certain allowances are made. Liquid assets, such as cash and bank accounts, and certain vehicle values will be considered. Real property, such as a home, will not count as an asset. The federal poverty income levels for 2004 are outlined below:
* Effective through March 31, 2005
Countable liquid assets include:
Excluded liquid assets include:
The family's vehicle values will be considered in applying the assets test, but some or all of the family's vehicle values may be exempt as outlined below.
Countable vehicles include any operable and licensed automobile, truck, motorcycle, SUV, van, boat, or motor home (including campers and RVs). The value of countable vehicles will be the lowest trade-in/wholesale value listed in the Hearst Corp./NAR Division Black Book.
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