OBSOLETE POLICY CHIP MANUAL |
1. Pensions and annuities. For example, Railroad Retirement, Social Security, Supplemental Security Income, Civil Service, private pensions and investment annuities. See section 402-4 for Economic Recovery and Reinvestment Act of 2009 related payments.
2. Disability benefits such as Worker’s Compensation and paycheck insurance. Workers' Compensation may be earned or unearned income. See section 410.
3. Unemployment benefit compensation. See section 402-4 for Economic Recovery and Reinvestment Act of 2009 related payments.
4. Strike and union benefits.
5. Veterans Administration Benefits. May include VA benefits based on need, service related compensation and disability payments. See Sec. 402-2.
6. Alimony. See section 402-4 for exceptions to alimony counted as income.
7. Rental income is countable income. It does not matter if the income is unearned or earned. The client needs to report the net rental income (after expenses) that is expected during the year. This would be the amount the client will enter on page 1 of his or her tax return. If the client does not expect to file a tax return, the client needs to report the net rental income (after expenses.)
8. Sales contracts. See Section 402-5.
9. Payments to replace lost or destroyed property. See Sec. 402-6.
10. Inheritances. See Sec. 411 for lump sum policy.
11. Life insurance benefits. See Sec. 411 for lump sum policy.
12. Personal injury settlements. See Sec. 411 for lump sum policy.
13. VA student income for the family member of the veteran. See the rules in Sec. 402-10.
14. Tribal fund gratuities.
15. Cash gifts, contributions, and church assistance. See the rules in Sec. 402-8.
16. Deposits to joint checking and/or savings accounts by a non-household member. See Section 402-11.
17. Interest and dividends.
18. Deferred Income.
19. Payments from the Family Employment Program, General Assistance, or Refugee Cash Assistance and Adoption Support Services.
20. Supplemental Security Income (SSI) and State Supplemental Payments
21. Income received by a limited partner of a partnership (General Partnership, Limited Partnership, or Limited Liability Partnership); income received from an S Corp when the individual is not actively engaged in the business; dividends received by a member of a Limited Liability Company which is being taxed as a corporation; and dividends received by a stockholder in a Corporation. See Section 401-2 for more information.
22. Educational Income. For example, Scholarships, awards, or fellowship grants used for tuition, fees, books, supplies, or other educational expenses. Educational loans are not considered income.
23. Unearned Income in Kind. For example, Income paid directly to a landlord when no work is performed in return.
24. Prizes, winnings or awards.
Lottery and Gambling Lump Sums.
a. Count qualified lottery and gambling winnings received as a lump sum as income of the person who receives the winnings using the following formula:
· Count winnings less than $80,000 in the month received;
· Count winnings of $80,000 but less than $90,000 as income over two months, with an equal amount counted in each month; and
· For every additional $10,000, add one month to the period over which total winnings are divided, and count as income in equal installments over those months.
b. Count as income the full amount of the lump sum winnings in the month of receipt for all other household members, but do not count in future months.
c. Count the value of "non-cash" winnings like a car or boat, as income in the month received.
d. Before ending someone's eligibility, we must inform them of the opportunity to enroll in a plan through the Exchange, as well as the date when they will no longer be ineligible for Medicaid due to receipt of these winnings.
e. Hardship exemption: if an individual claims that the proration of the lottery winnings will present a harship for their family, refer the case to BEP. A policy specialist will assess their hardship claim on a case by case basis.