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INCOME TYPE DESCRIPTION

Division of Welfare and Supportive Services E-30023 Medical Assistance Manual TYPES OF EARNED AND UNEARNED INCOME 16 Nov 01 MTL 05/16 JUDGMENTS

1. Unearned

2. Counted in Financial

3. Counted in Patient Liability

4. Taxable

Any money paid to an employee from a judgment resulting from legal action for wages.

Verification: (not all inclusive)

- Copy of Judgment JURY DUTY COMPENSATION

1. Unearned

2. Excluded in Financial (Conditional)

3. Counted in Patient Liability

4. Taxable

Income earned from serving jury duty.

Depending on the circumstance and/or amount of income received, the individual may not be required to claim the income on their taxes. If the individual reports this type of income on their application, then the income is counted in the MAGI budgeting.

Verification: (not all inclusive)

- Documents from the source of payment LEASE/RENTAL INCOME

1. Unearned

2. Counted in Financial

3. Counted in Patient Liability

4. Taxable Gross lease income less expenses. Lease expenses may include interest on mortgage, property taxes, maintenance/repair costs, insurance on structure, advertising and utilities when paid by the landlord. Lease expenses do NOT include the amount of a mortgage applied toward the principal balance of the loan.

Verification: (not all inclusive)

- Copy of receipt book - Copy of check or money order - Tenant’s statement of payment - Proof of operating expenses

LIFE INSURANCE PAYMENTS

1. Unearned

2. Counted in Financial

3. Counted in Patient Liability

4. Taxable Accelerated life insurance payments are proceeds paid to a policy holder PRIOR to death. These payments are income in the month received and a resource if retained into the following month.

Verification: (not all inclusive)

- Insurance policy - Form 2015 from insurance company - Written statement from insurance company