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Glossary
Assets
Things that you own, like a car or a house. You can only own a certain amount in assets and still qualify for many health care and disability benefit programs. The home you live in and the car you drive to work are exempt under most Social Security and state disability benefit programs. For
Supplemental Security Income
(SSI), the first $100,000 in an
ABLE account
is not counted as assets. For
MO HealthNet
,
Food Stamps
, and some other programs, none of the money in an
ABLE account
is counted.
Also called "resources."
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