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West Virginia Income Maintenance Manual Chapter 4

West Virginia Income Maintenance Manual Page 4 Chapter 4 Income

AMERICORPS A national service program administered by the Corporation for National and Community Service (CNCS). Included in the AmeriCorps Network of programs are AmeriCorps USA, AmeriCorps Volunteers in Service to America (VISTA), and AmeriCorps National Civilian Community Corps (NCCC). Closely associated with the AmeriCorps Programs are the Senior Corps, the Youth Corps, and Learn and Serve, which are also administered by CNCS. ANNUITY An investment contract or agreement, which gives the right to receive fixed, periodic payments, either for life or a specific term of years. BASIC NEEDS The primary needs of individuals or families, such as food, clothing, shelter, and incidentals. BONA FIDE LOAN Aid to Families with Dependent Children (AFDC)-Related Medicaid Only: A loan that meets one of the following conditions: The client has proof that the loan was obtained from an individual or establishment engaged in the business of making loans; or The client and the lender have completed and signed form ES-AP-75 (Verification of Loan Conditions) to acknowledge the obligation to repay the loan, with or without interest. EXCEPTION: SSI-Related Medicaid, Children with Disabilities Community Service Program (CDCSP), Pickle Amendment Coverage (PAC), Qualified Disabled Working Individuals (QDWI), Qualified Medicare Beneficiary (QMB), Specified Low-Income Medicare Beneficiary (SLIMB) and Qualified Individual – 1 (QI-1) Only: A loan agreement that is legally valid. This includes oral and written agreements that are binding under state law and which include the borrower’s acknowledgement of his obligation to repay, a schedule and plan for repayment and the borrower’s express intent to repay with real or personal property or anticipated income. CHILD SNAP Only: An individual who is not yet 18, nor the head of a household. AFDC-Related Medicaid and WV WORKS Only: See Section 3.3 for definition of a dependent child for these programs. SSI-Related Medicaid, CDCSP, PAC, QDWI, QMB, SLIMB and QI-1 Only: When an individual meets the SSI definition of a child, he may be entitled to additional income disregards or deductions, have income deemed to him or have his needs considered when income is deemed from an ineligible individual to an eligible one.