Page 55

DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI INCOME SOURCES 07/19 CHAPTER I, PAGE 46

39. Joint Bank Accounts - Income Derived from Unearned Income This section explains how to charge income in different situations involving the joint bank account of an AG recipient/applicant. See Chapter E – 24 for resource determinations involving bank accounts. 39.1. Income Treatment 39.1.1. Joint Bank Account Is Held By An AG Recipient And An Ineligible Individual • When a joint bank account is held by an AG recipient and an ineligible individual, income to the AG recipient includes: o The full amount of any interest posted to the account and o The full amount of any deposit made by a third party or by the ineligible bank account holder unless the AG recipient is acting as an agent. 39.1.1.1. Rebuttal Situations • If an AG recipient successfully rebuts ownership of a portion of funds in a joint account, deposits made by the other account holder are not income to the AG recipient. Interest is charged to the AG recipient in proportion to the percentage of funds that are a resource to the recipient. • If an AG recipient successfully rebuts ownership of all the funds held in a joint bank account, deposits by the other account holders or interest posted to the account are not income to the recipient. See Chapter I – 38.3. below. 39.1.2. Joint Bank Account Is Held By Multiple AG Recipients When two or more AG recipients are joint account holders, deposits made by one individual are not income to the other. Allocate interest equally among the joint holders.