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Indiana Health Coverage Program Policy Manual Chapter 3400 BUDGETING AND BENEFIT CALCULATION Sections 3400.00.00 – 3480.00.00

Contents 3400.00.00 BUDGETING AND BENEFIT CALCULATION ............................................................. 3 3405.00.00 INCOME BUDGETING PRINCIPLES ........................................................................ 3 3405.05.00 INCOME FREQUENCY ............................................................................... 4 3405.10.00 BUDGET METHODS .................................................................................. 4 3405.10.05 REGULAR BUDGET METHOD ..................................................................... 5 3405.10.10 FLUCTUATING BUDGET METHOD ............................................................. 5 3405.10.15 AVERAGING BUDGET METHOD ................................................................. 6 3405.10.20 PRORATED BUDGET METHOD .................................................................. 6 3405.10.22 ANNUAL BUDGET METHOD ...................................................................... 6 3405.10.25 BEGINNING/TERMINATING BUDGET METHOD ......................................... 6 3410.00.00 BUDGETING SELF-EMPLOYMENT INCOME ........................................................... 9 3410.05.00 DEFINITION OF SELF-EMPLOYMENT ......................................................... 9 3410.10.00 ESTABLISHING ANNUAL SELF-EMPLOYMENT INCOME ............................. 10 3410.15.00 ALLOWABLE SELF-EMPLOYMENT COSTS .................................................. 11 3415.00.00 BUDGETING ROOMER AND BOARDER INCOME (MED 1, 4) .................................. 11 3420.00.00 RENTAL INCOME ................................................................................................. 14 3420.05.00 BUDGETING RENTAL INCOME ................................................................. 14 3420.05.05 ALLOWABLE RENTAL EXPENSES ............................................................... 14 3430.00.00 BUDGETING EDUCATIONAL INCOME ................................................................... 15 3430.05.00 ALLOWABLE EXPENSES FROM EDUCATIONAL INCOME ............................ 16 3435.00.00 BUDGETING LUMP SUM INCOME ....................................................................... 16