The Division of Economic Assistance is requesting that respondents provide at a minimum, an AVS with the ability to provide liquid, motor vehicle, and property assets for recipient and spouse accounts. Proposals must provide a description for each of the following requirements and how they will be met. 3.1 The AVS shall send and receive liquid asset inquiries and verifications electronically from the AVS to the Financial Institution (FI) and to the Department of Social Services, Division of Economic Assistance (DSS). 3.2 The AVS shall receive requests via daily batch files from the State’s Medicaid E&E system and return response files on a daily basis or other mutually agreed timeframe between the State and winning vendor. Vendors should include any standard request and response file formats they utilize with their proposal. 3.3 The system must have the capability to provide for electronic submission of requests to FIs and the electronic receipt of responses from FIs. 3.4 The system must have the ability to send and receive motor vehicle and real property inquires and verifications electronically from reliable data sources. If utilizing secondary data sources, response shall provide the source of the information. 3.5 The system must be directly integrated with the State’s existing Medicaid E&E system which is a Merative Cúram product. 3.6 The Contractor shall participate in any necessary design, development, and implementation (DDI) activities related to the integration of the AVS system into the E&E system. 3.7 The AVS must provide documentary evidence that the search was conducted even if no assets are found. 3.8 The AVS shall request information concerning both open and closed FI accounts going back for a period up to five (5) years to determine if the client's name appeared on any account or financial instrument as a single or joint owner during the look-back period. 3.9 The AVS shall include, at a minimum, checking, savings, investment accounts, IRAs, treasury notes, certificates of deposit, annuities and any other assets that may be held or managed by a FI...
