Does the Asset Test for low income individuals include vehicles?
No, a vehicle is a non-liquid asset and specifically excluded. More information can be found on the CMS Web site at the bottom of page 12 of the CMS Guidance to States on the Low-Income Subsidy Guide. You can insert the following address into your Internet browser to get to the guide: http://www.cms.hhs.gov/medicarereform/guidance5-25-05.pdf .
