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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 7 received. See the In-Kind Support and Maintenance policy to determine the value of ISM.

Income Not Pursued Countable.

Income not pursued includes payments for which an individual could apply on an ongoing or one-time basis and may include annuities, pensions, retirement benefits or disability benefits.

Note: This may decrease household size for other individuals in the household and the applicant may be found not eligible due to failure to apply for other benefits.

Income Producing Resource Income earned off of an income-generating resource is counted or excluded based on the treatment of the resource. Income generating resources include:

• Annuities; • Contract for Deeds; and • Promissory Notes.

Income generated by a resource that is excluded is countable unearned income. Income generated by a resource that is countable is excluded as income. See the ABD Countable and Excluded Resources policy for determining when a resource is countable or excluded.

Interest Income Interest income and dividends are a return on a capital investment such as stocks, bonds, mutual funds or savings accounts. A cash gift or incentive payment to open an account is considered interest income.

Interest income and dividends can be countable or excluded, depending on the treatment of the source of the interest or dividend. If the interest-bearing resource is counted, the interest income is excluded. If the interest-bearing resource is excluded, the interest income is counted. Interest bearing resources include the following:

• Certificate of Deposit; • Checking Account; • Life insurance;