C Determining the Equity Value of Customer's Home Property

Program	Manual Section
ALTCS	MA705K

Take the following steps to determine if the customer’s home property meets the equity value limit for the customer to receive full ALTCS services:

Step	Action
1	Verify the current market value (CMV) of the home using the County Assessor’s website.
2	Enter the CMV in the “Tell Us More About: Home Property” screen in HEAplus.
3	Is the CMV or the customer’s share of the CMV less than or equal to the home equity limit in MA705K.2? If YES, STOP. The customer is eligible for full ALTCS services if all other conditions of eligibility are met. If NO, continue to step 4.
4	Add up all verified encumbrances on the home, including mortgages, liens, or other loans secured by the home. Enter the total in the Amount Owed field on the “Tell Us More About: Home Property” screen in HEAplus. HEAplus will calculate the equity value.
5	Is the equity value or the customer’s share of the equity value less than or equal to the home equity limit in MA705K.2? If YES, STOP. The customer is eligible for full ALTCS services if all other conditions of eligibility are met. If NO, continue to step 6.
6	If the customer is otherwise eligible, process the case. HEAplus will approve the customer for Acute Care Only.