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Other examples of retirement funds include accounts owned by the individual, such as IRAs and plans for self-employed individuals, sometimes referred to as KEOGH plans. Count the taxable portion of any retirement distribution as income. 11. Sick Pay Sick pay refers to any amounts paid to an employee for any period during which the employee is temporarily absent from work because of injury, sickness, or disability. This includes short-term disability payments and long-term disability payments. Sick pay does not include payments for medical and hospitalization expenses. It also does not include retirement benefits for someone who has retired because of a disability. The pay a person receives from an employer while the person is sick or injured is counted as income. If a person receives sick pay benefits from an insurance policy and the person paid the premiums on the insurance policy, the benefits the individual receives are not counted as income. If a person receives sick pay benefits from an insurance policy and both the person and the employer paid the premiums on the insurance policy, only the benefits the person receives that are due to the employer’s payments are counted as income. If a person receives sick pay benefits through a cafeteria plan and the amount of the premiums was not included in the person’s income, the benefits the person receives are counted as income. If a person receives sick pay benefits through a cafeteria plan and the amount of the premiums was included in the person’s income, the benefits the person receives are not counted as income. Do not count the following: • Reimbursement for medical care • Payments for loss of a member or bodily function or permanent disfigurement • Amounts computed with reference to the injury but not with respect to the person’s absence from work Example 3 Moises is temporarily not working due to a short-term disability. During this time, he is receiving benefits from an income continuation insurance policy through his employer. Moises paid 25% of the premiums on the insurance policy and his employer paid 75% of the premiums on the insurance policy. Moises' total monthly benefit from this insurance policy is $1,500. The portion of this benefit that Moises receives that is due to the employer's premium payments is $1,125 ($1,500 multiplied by 75%). Therefore, $1,125 is counted as income for BadgerCare Plus. 12. Trusts A trust is any arrangement in which a person (the "grantor”) transfers property to another person with the intention that that person (the "trustee”) hold, manage, or administer the property for the benefit of the grantor or of someone designated by the grantor (the "beneficiary”). The term "trust” includes any legal instrument or device or arrangement which, even though not called a trust under state law, has the same attributes as a trust. That is, the grantor transfers property to the trustee, and the grantor's intention is that the trustee holds, manages, or administers the property for the benefit of the grantor or of the beneficiary. The grantor can be: