Page 58
Federally Mandated Resource Exclusions James Zadroga 9/11 Health and Compensation Act of 2010, Pub. Law 111-347 Kinship payments Proceeds from the sale of a homestead are excluded if a person: Plans to use the proceeds to buy another homestead, and Does so within three (3) full calendar months of receiving the funds Reimbursements for replacement of lost, damaged or stolen excluded resources are excluded for the month of receipt and nine (9) months thereafter. The funds are excluded for up to nine (9) more months if the person tries to replace the resources during that time but cannot do so for good reason. Representative Payee Misuse payments. If a person’s Supplemental Security Income (SSI), Retirement, Survivors and Disability Insurance (RSDI) benefits, or Veterans Benefits for the Elderly are reissued because an individual representative payee misuses benefits, the reissuance is excluded as a resource for nine (9) months if retained after the month of receipt. Retroactive RSDI and SSI benefits are excluded for the nine (9) calendar months following the month in which the person receives the benefits. Any accrued interest on that account is counted as income in the month received and as a resource in the following months. State Annuities for Certain Veterans Relocation payments, State and local Tax credits, rebates, and refunds are excluded for twelve (12) months after the month of receipt Term life insurance