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Welcome! Asset Verification Service (AVS) The purpose of AVS is to - PowerPoint PPT Presentation

Jul 24, 2023 •103 likes •253 views

Welcome! Asset Verification Service (AVS) The purpose of AVS is to automate verification of assets for initial and re-determinations for OSIP-M consumers without SSI. Asset Verification Service Kick-Off 11/8/18 Introduce Project Team

  1. Welcome! Asset Verification Service (AVS) The purpose of AVS is to automate verification of assets for initial and re-determinations for OSIP-M consumers without SSI.

  2. Asset Verification Service – Kick-Off 11/8/18 Introduce Project Team Introduce Project Future Presentations High-Level Timeline Q&A

  3. Project Communications Team • Nate Singer (Project Sponsor) • Brandon Crews (Project Director) • Gwen Ayers (Communications) • Tyler Mitchell (Communications)

  4. Asset Verification Service (AVS) • What is AVS? A browser-based service for verifying assets belonging to consumers who require a 60- month asset review (OSIP-M without SSI).

  5. Asset Verification Service (AVS) • Why AVS? Social Security Act, Section 1940: “… each State shall implement an asset verification program… for purposes of determining or redetermining the eligibility of an individual for medical assistance under the State plan under this title.”

  6. Asset Verification Service (AVS) A sset V erification S ervice New Renewals Applications Field Staff Automatic batch Designated staff processing through process requests AVS Portal through AVS Portal AVS Portal AVS receives verification of assets Results are Field Staff made available to Field Staff

  7. Asset Verification Service (AVS) 1. Initial Eligibility Interview – Process will be similar, however Eligibility Workers will not need to gather bank statements, etc. 2. AVS Request Submitted – Designated staff at local offices will submit requests via AVS Web Portal

  8. Asset Verification Service (AVS) 3. AVS verifies assets via financial institutions, returning the following information: – Account branch name – Account branch address – Account owner(s) – Beginning-of-the-month account balances – And more! Full details can be found on the FAQ

  9. Asset Verification Service (AVS) 3. (Continued) Average Response Time 1.5 Days from Financial Institutions 90% of Responses 5 Days 95% of Responses 10 Days 99% of Responses 15 Days Everything will be available in the Portal.

  10. Asset Verification Service (AVS) 4. Information from Portal will be need to be narrated in Oregon Access – Findings in Portal can be exported as PDF

  11. Asset Verification Service (AVS) • How will this affect Eligibility Workers? – Consumers will not have to send bank statements or other financial documents for asset verification purposes. – Reduce some of the workload and time spent verifying assets. – Selected users will be utilizing a new tool to verify assets (Training WILL be provided!)

  12. Future Presentations • Follow up in 2 weeks! Bring questions! • After that… – One every two weeks, on Thursdays unless otherwise specified.

  13. High-Level Timeline • Kick-Off (NOW!) • Testing – Early December • Training – Early-to-mid December • Implementation – End of December

  14. Q & A • Please submit questions via the Q & A Section below presentation. • AVS.Project@State.OR.US

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