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West Virginia Income Maintenance Manual Acronyms, Forms, and Glossary
West Virginia Income Maintenance Manual Page 51
Acronyms, Forms, and Glossary
Term Definition Chapter (s) Medicare Part D Medicare Prescription Drug Benefit: An individual who is already enrolled in Medicare Part A or Part B may receive the Medicare Prescription Drug Benefit. The Part D Prescription Drug Benefit is not administered by the SSA. The benefit is obtained by enrolling in a Prescription Drug Plan (PDP). Enrollees must pay a monthly premium, unless financially qualified for extra help, also known as the Low-Income Subsidy (LIS). 25 Minimum Essential Coverage (MEC) Coverage as defined in Section 5000 (f) of Subtitle D of the Internal Revenue Code. MEC includes, but is not limited to, Medicaid, the Children’s Health Insurance Program (CHIP), Medicare, TRICARE, Veteran’s Affairs (VA) benefits, Peace Corps, Employee Sponsored Plans and Plans in the individual market. 4 Modified Adjusted Gross Income (MAGI) Income figure used to determine eligibility for specific Medicaid eligibility groups and WVCHIP. The MAGI is calculated by making adjustments to the adjusted gross income. See Section 4.7. 4 Mountain State Card The West Virginia EBT card. 1 Mutual funds A pool of assets managed by an investment company that buys and sells securities and other investments. 5 National of the U.S. A citizen of the U.S. or an individual who, though not a citizen of the U.S., owes permanent allegiance to the U.S. 15 Nationality The state or country to which a person has legal allegiance. Note that the country of birth does not necessarily correspond to the nationality. 15 Naturalization The legal act of becoming a citizen, other than birth. A resident noncitizen married to a U.S.-born citizen must hold permanent resident noncitizen status for three years before petitioning for naturalization. Also, others must hold permanent resident status for five years before petitioning for naturalization. 15 Needs Groups Whose needs are considered in determining eligibility. 3 Negotiable Agreement An agreement whereby the ownership of the instrument itself and its face value can be transferred, e.g., sold, from one person to another. 5