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West Virginia Income Maintenance Manual Acronyms, Forms, and Glossary
West Virginia Income Maintenance Manual Page 42
Acronyms, Forms, and Glossary
Term Definition Chapter (s) Expungement 122 days from the date of issuance for Summer EBT. 274 days from the date of issuance for SNAP. 365 day from the date of last use for WV WORKS. Expungement of EBT benefits must occur immediately for SNAP when it has been determined all members of the assistance group are deceased, and independent verification of the death(s) have been obtained by the worker. 1, 10, 11, 18, 19, 20 Face Value (life insurance) The specified amount payable on death of the insured, usually listed on the front of the policy, is the amount guaranteed and premium terms agreed upon via contract at the time of purchase. When the premium payment specified in the contract has been fulfilled and premium payments continued to be made resulting in additional paid-up insurance, the policy’s death benefit, i.e., face value, has increased and the current amount counted. 5 Fair Market Value (FMV) The FMV is an estimate of the value of a resource, if sold at the prevailing price at the time it was actually transferred. 24 Family For the benefits covered in Chapter 20 (Emergency Assistance), a group of two or more persons related by birth, marriage, or adoption who live together. 20 Family Unit Provides protection from deportation and eligibility for employment authorization to the spouses and children of noncitizens who were legalized under the IRCA. 15 Federal Data Hub (FDH) An electronic Federal data service through which the Department of Human Services (DOHS) will obtain information from federal agencies or other data sources such as the Social Security Administration (SSA), the Department of Treasury and Homeland Security. 1, 2, 4, 6, 7 Federally- Facilitated Marketplace (FFM) This term refers to a State or Federally-Facilitated Health Insurance Marketplace and is also referred to as The Marketplace. It is a governmental agency or non-profit entity that makes Qualified Health Plans (QHP) available to qualified individuals. The Marketplace will allow individuals to: compare private health plans; obtain answers to questions about health coverage options; determine if they are eligible for tax credits for private insurance or health programs like Medicaid and WVCHIP; and enroll in a health plan that meets their needs. The Marketplace must have a consumer 1, 4, 6, 13, 22