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West Virginia Income Maintenance Manual Acronyms, Forms, and Glossary
West Virginia Income Maintenance Manual Page 37
Acronyms, Forms, and Glossary
Term Definition Chapter (s) Converting Income and Deductions The method used to change income and deductions paid less often than monthly to a monthly amount. 4 Conversion or Sale of an Asset The sale or exchange of an asset from liquid to non-liquid or non-liquid to liquid. 5 Cost-of-living Adjustments (COLA) Adjustments to entitlement benefits, pensions or other retirement income such as Retirement, Survivors, and Disability Insurance (RSDI), Black Lung and Railroad Retirement. 4 Corporation for National Service (CNCS) The federal government administers a number of national and community service programs such as, but not limited to, AmeriCorps and the NCCC. In addition, it administers the former ACTION Agency programs created by the Domestic Volunteer Act of 1973. Former ACTION programs include, but are not limited to, AmeriCorps VISTA, University Year of Action, Urban Crime Prevention Program, Retired Senior Volunteer Program (RSVP) and Foster Grandparents. 4 Countable Income The amount of income after all allowable exclusions, disregards and deductions have been applied. The eligibility and level of benefit are based on this amount. MAGI Medicaid Coverage Groups Only: For these groups, eligibility is not based on countable income, it is based on the MAGI calculated as outlined in Section 4.7. 4 Countable Months (ABAWD Only) Screened and assigned months in which the client receives a full monthly benefit while not exempt or meeting the ABAWD work requirement. 3 Creditable (Non- excepted) Insurance Benefits Benefits that affect WVCHIP eligibility. 22 Creditor The owner of an agreement such as a promissory note or a property agreement such as a land sale contract. A creditor or lender is the seller of the property or holder of a promissory note. 5 Cuban/Haitian Entrant The status afforded to (a) Cubans who entered the U.S. illegally between April 15, 1980, and October 10, 1980, and to (b) Haitians who entered the country illegally before 15