TX HHS Form H0056. Notice of Opportunity to Designate Countable Resources

The TX HHS Form H0056, Notice of Opportunity to Designate Countable Resources, is a crucial document for individuals who have a Long-Term Care Partnership (LTCP) disregard balance. This form helps solve the problem of designating countable resources that can be used to meet long-term care expenses. Typically, this form is filled out by individuals who are eligible for LTCP benefits and need to designate specific resources to offset their long-term care costs.

The form requires the individual to list their countable resource(s) and their corresponding equity value(s). They must then select which resource(s) they want to designate for the LTCP disregard and fill in the designated amount, not exceeding the available balance. It's essential to note that once a countable resource is designated, it cannot be changed or exchanged at a later date. Additionally, if the designated resource is disposed of, another countable resource cannot be designated in its place.

Key points to consider when filling out this form include:

• Selecting the correct countable resources and their corresponding equity values
• Filling in the designated amount for each selected resource, not exceeding the available LTCP disregard balance
• Acknowledging that once a resource is designated, it cannot be changed or exchanged
• Understanding the consequences of disposing of a designated resource