Section 32.79. Exempt assets.

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(1) The exempt dollar amount for a single applicant or member is $2,000. The exempt dollar amount for a married applicant or member is $25,000. Assets exempt from this dollar amount include all of the following:

(a) The homestead of a married applicant or member.

(b) An automobile.

(c) An irrevocable or prepaid funeral/burial contract up to an amount determined by the board.

(2) The board may determine if the homestead of a single applicant or member is an exempt asset. In making its decision, the board may consider various reasons for

exemption of the homestead of a single applicant or member, including the possibility that the applicant or member may recover his or her health and return home.

History: 2007 AACS.

                    
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