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West Virginia Income Maintenance Manual Chapter 4
West Virginia Income Maintenance Manual Page 33 Chapter 4 Income
SNAP AFDC-RELATED MEDICAID PAC, QMB, SLMB, QI-1, QDWI, CDCSP, ADAP, SSI- RELATED MEDICAID WV WORKS, DCA ELIGIBILITY 53. LOANS AND REPAYMENTS (Includes credit card advances and reverse mortgages) No, if there is a written or verbal agreement to repay, regardless of payment status. Otherwise, unearned. See Section 4.4.4 for educational loans. No, for the borrower, if the definition of a Bona Fide Loan is met, regardless of payment status. Otherwise, unearned. Interest paid to the lender is income, regardless of whether or not the loan is Bona Fide. If the loan is not Bona Fide, the principal payments are income. See Section 5.5 for loans as an asset. No, for the borrower, if the definition of a Bona Fide Loan is met, regardless of payment status. Otherwise, unearned. For the lender: • When the loan agreement is an excluded asset for the lender, count the principal and interest payments received as unearned income. • When the loan agreement is a countable asset for the lender, the principal payments do not count as income for the lender. Interest paid to the lender is unearned income. See Section 5.5 for loans as an asset. Unearned, unless it is used: • To repair or replace an asset; or • To purchase a home in which to reside, when no other home is owned; or means of transportation to and from work when no other operable means is owned by the income group. • For educational expenses. There must be a written agreement to repay. 54. LOW-INCOME ENERGY ASSISTANCE PROGRAM (LIEAP) No No No No 55. MEDICAL INSURANCE REIMBURSEMENTS (For Out-of-Pocket Medical Expenses) No, as long as they do not exceed actual expenses or represent a gain or benefit to the Income No, as long as they do not exceed actual expenses or represent a gain or benefit to the Income Group No, as long as they do not exceed actual expenses or represent a gain or benefit to the Income Group No, as long as they do not exceed actual expenses or represent a gain or benefit to the Income Group.