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Aged, Blind and Disabled Manual Section: Financial Eligibility Requirements Policy Manual Number: 110.030 Chapter: ABD Unearned Income
March 18, 2019 Division of TennCare 2 living expenses and are countable unearned income to the child.
When the adoption subsidy is a reimbursement for child care while the adult responsible for the child is at work or seeking employment, or is for medical expenses, it is excluded.
Alimony Countable.
Payments an individual receives from a spouse he no longer lives with, or a former spouse, if paid as part of a divorce agreement, separation agreement or court order.
Annuities Annuities are contracts or agreements that, in exchange for a lump sum payment or series of payments, provide income at regular intervals (i.e., monthly, quarterly, annually). Annuities establish a source of income for a future period, and are often used in retirement planning.
Annuity payments count as unearned income the month received when the annuity is an excluded resource, except when the payments are from a State annuity. Payments to an individual or spouse from a State annuity are excluded if the annuity is paid by a state based on a determination that the individual is a veteran who is aged, blind or disabled.
If an annuity is an excluded resource, the periodic payments are countable unearned income, unless specifically excluded under this policy. See the ABD Countable and Excluded Resources policy for resource treatment of an annuity.
Canceled Debts Excluded.
The amount of a debt an individual is no longer required to pay or that is forgiven.
Capital Gains Countable.
Income an individual receives when a capital asset is sold and an individual makes a profit from the sale. Capital assets include a home, household furnishings and stocks and bonds held in a personal account. When a capital asset is sold, the difference between the amount paid for the asset and the amount it is sold for is the capital gain or loss.