South Dakota Administrative Rules › Title 67 - Department of Social Services › Article 67:46 - Eligibility for medical services › Chapter 67:46:05 - Long-term care resource requirements › Section 67:46:05:08 - Life estate value

Current through Register Vol. 51, page 10, July 15, 2024
A life estate is considered other real property and is considered a
	 resource to the individual applying for or receiving long-term care services or
	 medical assistance. The value of a life estate is calculated by using the table
	 contained in this section. If the individual has a life estate, find the
	 individual's age on the table and multiply the corresponding figure in the life
	 estate column by the fair market value of the property. The result is the value
	 of the life estate and the amount considered a resource to the individual. If
	 the individual has a remainder interest in the estate, use the applicable
	 figure from the remainder column to compute the value.
AGE
LIFE ESTATE
REMAINDER
0
.97188
.02812
1
.98988
.01012
2
.99017
.00983
3
.99008
.00992
4
.98981
.01019
5
.98938
.01062
6
.98884
.01116
7
.98822
.01178
8
.98748
.01252
9
.98663
.01337
10
.98565
.01435
11
.98453
.01547
12
.98329
.01671
13
.98198
.01802
14
.98066
.01934
15
.97937
.02063
16
.97815
.02185
17
.97700
.02300
18
.97590
.02410
19
.97480
.02520
20
.97365
.02635
21
.97245
.02755
22
.97120
.02880
23
.96986
.03014
24
.96841
.03159
25
.96678
.03322
26
.96495
.03505
27
.96290
.03710
28
.96062
.03938
29
.95813
.04187
30
.95543
.04457
31
.95254
.04746
32
.94942
.05058
33
.94608
.05392
34
.94250
.05750
35
.93868
.06132
36
.93460
.06540
37
.93026
.06974
38
.92567
.07433
39
.92083
.07917
40
.91571
.08429
41
.91030
.08970
42
.90457
.09543
43
.89855
.10145
44
.89221
.10779
45
.88558
.11442
46
.87863
.12137
47
.87137
.12863
48
.86374
.13626
49
.85578
.14422
50
.84743
.15257
51
.83674
.16126
52
.82969
.17031
53
.82028
.17972
54
.81054
.18946
55
.80046
.19954
56
.79006
.20994
57
.77931
.22069
58
.76822
.23178
59
.75675
.24325
60
.74491
.25509
61
.73267
.26733
62
.72002
.27998
63
.70696
.29304
64
.69352
.30648
65
.67970
.32030
66
.66551
.33449
67
.65098
.343902
68
.63610
.363690
69
.62086
.37914
70
.60522
.39478
71
.58914
.41086
72
.57261
.42739
73
.55571
.44429
74
.53862
.46138
75
.52149
.47851
76
.50441
.49559
77
.48742
.51258
78
.47049
.52951
79
.45357
.54643
80
.43659
.56341
81
.41967
.58033
82
.40295
.59705
83
.38642
.61358
84
.36998
.63002
85
.35359
.64641
86
.33764
.66236
87
.32262
.67738
88
.30859
.69141
89
.29526
.70474
90
.28221
.71779
91
.26955
.73045
92
.25771
.74229
93
.24692
.75308
94
.23728
.76272
95
.22887
.77113
96
.22181
.77819
97
.21550
.78450
98
.21000
.79000
99
.20486
.79514
100
.19975
.80025
101
.19532
.80468
102
.19054
.80946
103
.18437
.81563
104
.17856
.82144
105
.16962
.83038
106
.15488
.84512
107
.13409
.86591
108
.10068
.89932
109
.04545
.95455
If the individual thinks that the value established by this table is
	 inaccurate due to the individual's life expectancy, a written statement from a
	 physician, physician assistant, or nurse practioner which establishes an
	 alternate, estimated life expectancy may be submitted to the department. The
	 estimated life expectancy will be used, in conjunction with the Social Security
	 Actuarial Life Table, to determine the comparable age for application of the
	 life estate and remainder interest table.
General Authority:
SDCL
		28-6-1.
Law Implemented:
SDCL
		28-6-1.