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Title 7: SNAP Page 7 Iowa Department of Health and Human Services Employees’ Manual Chapter D: Resources Excluded Resources Revised September 27, 2024 Cafeteria or Flexible Benefit Plans Cafeteria or Flexible Benefit Plans 7 CFR 273.8(e)(2) Exclude the value of a cafeteria plan to the extent that the household cannot withdraw funds. Some employers offer employees “cafeteria plans” or “flexible benefit plans.” Under these kinds of plans, the household has the employer withhold money and pay certain expenses such as child care and medical expenses as vendor payments to third parties when the expenses are incurred. Under most of these plans, the household cannot withdraw any of the money and if any amount is left over at the end of the year, the household loses the money. Conservatorship Funds 7 CFR 273.8(e)8 Treat conservatorship funds the same as an irrevocable trust in determining whether the funds are accessible. See Trust Funds. Crime Victims Payments Public Law 103-322 Exclude payments from a crime victim compensation program that is funded under the Victim’s of Crime Act of 1984. Current Month’s Income 7 CFR 273.8(e) Exclude a household’s income for the current month as a resource even if deposited into a checking or savings account. The current month’s income is counted as income not a resource.

To determine resources when processing an application, subtract all income actually received (net income) in the month, up to and including the date of interview, from countable liquid resources as of the date of interview.

Household P has $900 in a savings account and $900 in a checking account (total resources = $1,800). The household received $400 in wages during the current month. This amount is excluded, leaving $1,400 in countable resources. Deferred Compensation Plans 7 CFR 273.8(e)(2) See Pension Plans and Retirement Accounts.