The Presumed Maximum Value (PMV) is a limit on the assistance a person can receive from Supplemental Security Income (SSI). This limit is applicable only when a person receives certain types of assistance, such as housing, but not food and shelter from the household they reside in. The Social Security Handbook provides specific guidelines for calculating the PMV. According to these guidelines, the maximum amount a person can receive is one-third of the federal benefit rate plus $20. If the assistance received is less than this amount, it is used to determine the person’s income. The PMV is applicable in situations where a person lives in someone else’s house but does not receive food or shelter from them, when someone else covers their rent and food expenses, or when they reside in a non-medical institution. However, if a person resides in a private nonprofit retirement home and receives assistance without being required to, the PMV does not apply.
The Presumed Maximum Value (PMV) is a limit on the amount of in-kind support that a person can receive from Supplemental Security Income (SSI). This rule is applicable when an individual or couple receives some form of in-kind support or maintenance, excluding food and shelter, from the household they reside in. The Social Security Handbook outlines specific criteria for calculating the PMV. For an individual, the PMV is capped at one-third of the applicable federal benefit rate (FBR) plus $20. If an individual or couple can demonstrate that the actual value of the food and shelter they receive is lower than the PMV, then the actual value is used to determine their countable income. The PMV rule is applicable in various situations, such as when an individual or couple live in someone else’s household but do not receive food or shelter from that person, when an individual or couple live in their own household but have their rent and food expenses paid by someone else, or when an individual or couple reside in a non-medical institution. However, there is an exception to the PMV rule when in-kind support and maintenance is provided to an individual or couple while they are living in a private nonprofit retirement home. If the institution provides support and maintenance without any explicit obligation to do so, then the PMV rule does not apply. For instance, if an individual lives with a friend but covers their own food and rent expenses, the PMV rule would not be applicable. However, if the friend offers free rent and food to the individual, the PMV rule would apply, resulting in a reduction of the individual’s SSI benefits.
A: Presumed Maximum Value (Pmv) is the maximum amount of compensation that can be awarded to a plaintiff in a personal injury case.
A: Pmv is calculated based on the severity of the injury, the age of the plaintiff, and other factors such as lost wages and medical expenses.
A: No, Pmv varies by state and can even vary within a state depending on the type of case.
A: Yes, Pmv can be exceeded in certain circumstances, such as if the defendant’s conduct was particularly egregious or if the plaintiff’s injuries are more severe than anticipated.
A: Yes, Pmv can be waived in a settlement agreement if both parties agree to a different amount of compensation.
A: No, Pmv is not applicable in wrongful death cases as it only applies to personal injury cases.
A: Yes, Pmv can be awarded in a medical malpractice case if the plaintiff can prove that the healthcare provider’s negligence caused their injuries.
A: Yes, Pmv can be awarded in a product liability case if the plaintiff can prove that the product was defective and caused their injuries.
A: Yes, Pmv can be awarded in a premises liability case if the plaintiff can prove that the property owner’s negligence caused their injuries.
A: Yes, Pmv can be appealed if either party believes that the amount awarded is incorrect or unjustified.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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