Page 8

Aged, Blind and Disabled Manual Section: Financial Eligibility Requirements Policy Manual Number: 110.030 Chapter: ABD Unearned Income

March 18, 2019 Division of TennCare 8 • Mutual Funds; • Retirement account; • Savings account; and • Stocks and Bonds.

If interest income is countable, count it at the earliest of the following:

• Income is credited to an individual’s account and is available for use; • Income is set aside for the individual’s use; or • When the income is actually received by the individual. See the ABD Countable and Excluded Resources policy for determining when a resource is countable or excluded.

Irregular or Infrequent Income Exclude up to $60 per calendar quarter per household of unearned income that is received either irregularly or infrequently. In order to be excluded, the income need only be irregular or infrequent.

Income is considered to be irregularly received if an individual cannot reasonably expect to receive it. Income is received infrequently if an individual receives it only once during a calendar quarter from a single source and the individual did not receive that type of income in the previous month or in the month following the month in which the money was received. A single source of unearned income is from one individual, household, organization or investment (single financial account, life insurance policy, rental property or other resource providing a return to its owner).

Irregular or infrequent income is not excluded when determining Institutional Medicaid eligibility. See the ABD Income Disregards and Expenses policy.

Jury Duty Jury duty is countable unearned income in the month it is received. Any jury duty pay that is turned over to an individual’s employer is excluded. Countable jury duty pay does not include expense money provided during jury duty participation.

Lump Sum Lump sum payments are countable income in the month