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FICA (Federal Insured Contribution Act) - commonly known as the Social Security contribution deducted from wages and used for RSDI payments.

FPL (Federal Poverty Level) - guidelines for poverty level established annually by the Federal Office of Management and Budget.

Face value (FV) - see Value.

Facility (Nursing Facility) - a nursing home is more of a permanent residence for people in need of 24/7 care, while a skilled nursing facility is a temporary resience for patients undergoing medically necessary rehabilitation treatment.

Fair market value (FMV) - see Value.

Family care income standard - the maximum income, based on the number of members in a household unit, allowed for medical assistance.

Family care program - medical coverage for adults, including four or twelve month extended coverage.

Fee-simple - An interest in land that, being the broadest property interest allowed by law, endures until the current holder dies without heirs.

Financially responsible - answerable or liable by law for providing the funds to meet the needs of a spouse and/or child(ren) and, for medical assistance, the needs of an unborn (See Emancipation).

Fixed residence - a home or place in which an individual has or intends to live for a specific length of time.

Fluctuating income - see Income.

Foster child - a child who has been placed in DFS Custody, Tribal Custody, or in an approved/licensed facility.

Fractional Interest - also known as fractional ownership, is a way of expressing percentage-based ownership of a piece of real property. See Majority Owners and Minority Owners.

Fraud - documented misrepresentation, concealment or nondisclosure of information pertaining to an eligibility factor to obtain a performance payment, remain eligible for payment or to avoid a decrease in payment.

Full-time employment - see Employment.