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Maine

Family Economic Security Profile

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Income AdequacyAsset Development and Protection 

State Policy Choices to Promote Asset Development

Individual Development Accounts

State-supported IDA program in operation1 Yes
50-State Data

State Choices to Promote Asset Protection

Public Health Insurance for Parents

Assets disregarded for eligibility determination3 No ($2,000)2

Public Health Insurance for Children

Assets disregarded for Medicaid eligibility4 Yes
Assets disregarded for SCHIP (separate program) eligibility3 Yes

Food Stamps

Treatment of vehicles in asset test6 Categorical eligibility and aligned to TANF cash assistance rules5

Temporary Assistance for Needy Families (TANF) Cash Assistance

Assets disregarded for eligibility determination7 No
Treatment of vehicles in asset test7 Excludes value of 1 vehicle per household
50-State Data
Children who are
Children who are

50-State Data Enlarge

Children who are "asset poor," 20048

Homeownership rate, 2007
Homeownership rate, 2007

50-State Data Enlarge

Homeownership rate, 20079


  
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Data Notes and Sources

Data were compiled from 50-state sources. Some state policy decisions may have changed since these data were collected.

  1. Community-based IDA programs are operating in all states but often without state support. Also, in some states without state-supported IDA programs, IDA legislation was passed but never implemented due to lack of state funding, or IDA legislation expired, and no new state support was allocated.
    Center for Social Development, Washington University, "Summary Tables: IDA Policy in the States, Table 1," October 2006, http://gwbweb.wustl.edu
  2. Maine's asset rules exempt $12,000 in certain savings, including retirement savings, for a household of 2 or more.
  3. Donna Cohen Ross and Caryn Marks. 2009. Challenges of Providing Health Coverage of Children and Parents in a Recession: A 50-State Update on Eligibility Rules, Enrollment and Renewal Procedures, and Cost-Sharing Practices in Medicaid and SCHIP in 2009, Kaiser Commission on Medicaid and the Uninsured. http://www.kff.org (accessed February 16, 2009).
  4. Rule applies to SCHIP-funded Medicaid expansions, where applicable.
    Donna Cohen Ross and Caryn Marks. 2009. Challenges of Providing Health Coverage of Children and Parents in a Recession: A 50-State Update on Eligibility Rules, Enrollment and Renewal Procedures, and Cost-Sharing Practices in Medicaid and SCHIP in 2009, Kaiser Commission on Medicaid and the Uninsured. http://www.kff.org (accessed February 16, 2009).
  5. Virtually all food stamp households in the state are authorized to receive a TANF-funded benefit that makes them categorically eligible for food stamps and thus exempt from the gross income and asset tests.
  6. Households in which all members receive TANF cash assistance or SSI benefits do not have to meet gross income or asset eligibility criteria. Most states also waive these criteria for recipients of certain other benefits; some states waive these criteria for nearly all applicants.
    Center on Budget and Policy Priorities, "States' Vehicle Asset Policies in the Food Stamp Program," November 2006.
  7. Gretchen Rowe with Jeffrey Versteeg, The Welfare Rules Databook: State Policies as of July 2005, Assessing the New Federalism, The Urban Institute, 2006.
  8. Figure reflects the percent of children in households that have insufficient net worth to subsist at the federal poverty level for three months in the absence of income.
    Corporation for Enterprise Development, Assets and Opportunity Scorecard, http://www.cfed.org (accessed February 25, 2008).
  9. Figure reflects the percent of households who are homeowners.
    U.S. Census Bureau, "Housing Vacancies and Homeownership, Annual Statistics 2007, Table 13," http://www.census.gov (March 14, 2008).