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MEDICAL MEDICAL MEDICAL MEDICAL MEDICAL MEDICAL MEDICAL

INCOME TYPE DESCRIPTION

E-30012 Division of Welfare and Supportive Services TYPES OF EARNED AND UNEARNED INCOME Medical Assistance Manual

17 Jul 01 MTL 04/17 COST OF LIVING ADJUSTMENT “COLA” (RSDI ONLY)

1. Unearned

2. Excluded in Financial

3. Counted in Patient Liability

4. Taxable For QMB/SLMB/QDWI coverage, the annual cost- of-living increase for RSDI benefits must be disregarded from January through March each calendar year. Effective April, the RSDI COLA is then compared to the new poverty income limit. The same disregard is applied to a spouse’s RSDI for comparison to the couple limit.

Verification: (not all inclusive)

- SSA Benefit letter or SOLQ

CROWDFUNDING ACCOUNTS

1. Earned

2. Included in Financial (Conditional)

3. Counted in Patient Liability (Conditional)

4. Taxable (Conditional)

Crowdfunding websites such as GoFundMe, Kickstarter, and Indiegogo are online platforms that allow individual donors to fund specific campaigns such as charity, individuals in need, research projects, and business ventures.

How these funds are treated for MAGI purposes depends on the reason the funds are being donated/provided. Some examples include:

1. Funds being raised to help an individual pay for personal/medical expenses. • Donors to this campaign intend for their contributions to be used as a gift or donation and are not expecting any return. Funds are not countable in MAGI budgeting.

2. Funds being raised by an individual to support a website or other business with no advertisers. The contributions are solicited to allow the individual to continue working. • Donors to this campaign are expecting something in return. Funds contributed are countable in MAGI budgeting.

3. Funds being raised to support research into a new invention or product development in exchange for a percentage of revenue from that invention or product upon completion.