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MEDICAL MEDICAL MEDICAL MEDICAL MEDICAL MEDICAL MEDICAL

INCOME TYPE DESCRIPTION

E-30028 Division of Welfare and Supportive Services TYPES OF EARNED AND UNEARNED INCOME Medical Assistance Manual

14 Mar 01 MTL 14/01 PROFIT SHARING PLAN

1. Earned

2. Counted in Financial

3. Counted in Patient Liability

4. Taxable

Profit gained from shares owned in the business of employer.

Verification: (not all inclusive)

- Copy of financial statement or check PROMISSORY NOTES, FORMAL WRITTEN AGREEMENTS AND PROPERTY AGREEMENTS

1. Unearned

2. Counted in Financial

3. Counted in Patient Liability

4. Taxable If the note or agreement is determined to be a resource, that portion of any payment received representing payment on the principal is also a resource. The portion of any payment which represents interest on the principal is unearned income. If the note or agreement is determined NOT to be a resource, total payments received, whether principal and/or interest, are unearned income.

Verification: (not all inclusive)

- Copy of the Note or Agreement

PUBLIC EMPLOYEES RETIREMENT (PERS)

1. Unearned

2. Counted in Financial

3. Counted in Patient Liability

4. Taxable If the client has been a public employee or is the widow/widower or dependent child (under 18) of a deceased public employee, retirement, survivors, or disability benefits may be available.

Verification: (not all inclusive)

- Copy of Award letter or Form 2339 - SSA Benefit Record

PUBLIC LAW 92-336 (1972 RSDI DISREGARD)

1. Unearned

2. Excluded in Financial

3. Counted in Patient Liability Disregard the amount of the October 1972 twenty percent (20%) RSDI increase.

Verification: (not all inclusive)

- Copy of Check or Award Letter - Statement from SSA