Purpose: This section provides information on determining best estimates of prospective income.
Current Policy Effective Date: August 1, 2008
Date Last Reviewed: July 29, 2008
Previous Policy:
POL M903: DETERMINING BEST ESTIMATES
Aged, Blind and Disabled Programs
1. Income May Need To Be Estimated
Complete a best estimate of prospective gross countable income when an applicant’s income is irregular. Use the applicant’s individual circumstances to determine the best approach for anticipating prospective gross countable income and determining the best estimate.
2. Best Estimates Include Actual and Estimated Income
Best estimates are determined by:
Counting actual income received during month of application. AND/OR Using the best estimate of any income the applicant expects to receive.
3. Second Month Income Estimate May Be Zero
The second and subsequent benefit month income estimates will be zero when both the following are true:
Applicant’s income ceases during the month of application for benefits. Applicant does not expect to receive additional income.
4. Existing Income History Must Be Used
When possible, use an applicant’s income history to determine the best estimate of future income.
Verified income history of at least 30 days, but not exceeding 60 days, may be used.
5. Best Estimates Must Be Reviewed
The best estimate of a client’s income must be reviewed when any of the following occur:
Client experiences a change in circumstances. Client reports a change in circumstances. Client is scheduled for a periodic review/recertification.