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Title 8: Medicaid Page 32 Iowa Department of Health and Human Services Employees’ Manual Chapter E: Income Types of Non-MAGI-Related Income Revised April 11, 2025 Interest Income Interest Income (Cont.) Consider interest income when the interest becomes available to the account holder. Interest on bank accounts (savings, CDs, etc.) is available to the account holder when the interest is actually recorded on the account. The frequency with which interest is computed is immaterial. Do not deduct bank service charges when determining countable income.

Interest recorded on an account monthly is countable. Interest that is computed daily but recorded on the account only quarterly is excluded, unless the total amount exceeds $60 per month.

See Projecting Future Income for determining the amount of interest to project. If there has been a permanent change in the balance, compute the interest using the current account balance. Note: Refer to NJA0094, Income for the process to enter this type of income in ELIAS. Jury Duty Pay 20 CFR 416.1102 Count jury duty pay as unearned income. Loans 20 CFR 416.1102, 20 CFR 416.1103, 20 CFR 416.1123; P. L. 103-60 Money that is borrowed is not considered income. If a client has loaned another person money and receives repayment, the principal repayment on the loan is not considered income. However, any interest received is considered income. Low-Income Home Energy Assistance Payments (LIHEAP) 20 CFR 416.1124 Exempt as income and as a resource energy assistance benefits paid to eligible households under the Low-Income Home Energy Assistance Act of 1981. This program is administered through the Department of Human Rights, Division of Community Action Agencies, and covers costs such as:

 Insulation.

 Home energy assistance.

 Emergency lodging because utilities have been shut off.