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West Virginia Income Maintenance Manual Chapter 4

West Virginia Income Maintenance Manual Page 35 Chapter 4 Income

SNAP AFDC-RELATED MEDICAID PAC, QMB, SLMB, QI-1, QDWI, CDCSP, ADAP, SSI- RELATED MEDICAID WV WORKS, DCA ELIGIBILITY payment status. Otherwise, unearned. See Interest Section 4.4.4 for educational loans. 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 promissory notes as an asset. 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 promissory notes as an asset. See Section 24.8.2 for promissory notes as a transfer of resources for Long Term Care. 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. 63. RADIATION EXPOSURE COMPENSATION TRUST FUND PAYMENTS No No No No 64. RAILROAD RETIREMENT Unearned NOTE: See SSI for exclusion of fees collected by some Unearned Unearned Unearned