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MISSISSIPPI DIVISION OF MEDICAID Eligibility Policy and Procedures Manual CHAPTER 200A – Income: ABD Categories Page |36 Effective Month: July 2025 The following are types of items for which amounts may be withheld, but the withheld amounts are considered income received: Federal, State or Local Income Taxes Life or Health Insurance Premiums Supplementary Medical Insurance (SMI) – Medicare Part B Union Dues Loan Payments Garnishments Child Support Bank Service Charges Return of Money Previously Deducted If any of the types of deductions listed above are later returned to the individual by the original source, agency or organization which received the deduction (e.g., refund of Medicare premiums), the refunded amounts cannot again be income. However, refunded amounts can be available resources when received and would be counted if retained into the following month. 200A.06.06 PAYMENTS IN FOREIGN CURRENCY Occasionally, an individual receives income tendered in a monetary unit other than US dollars. This usually will be in the form of a check or a direct deposit to a bank. The US dollar value of a payment made in foreign currency, less expenses, is income. Foreign currency payments are counted as income when received unless the individual can establish that the payment was received too late in the month for conversion prior to the following month. Use a check or documents in the individual’s possession to verify receipt of a foreign payment and the amount in foreign currency. If the payment is made directly to a bank, the bank may provide a statement of the amount received. Verify the exchange rate for conversion of the foreign currency into US dollars using a receipt for the individual’s last exchange or a telephone call to a local bank or currency exchange. Use the established exchange rate until the next redetermination or until a change is reported/verified.