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530-534 Income Not from Work
PIC S9(06) V99 Money from Social Security, Railroad Board, Veterans Administration, other pensions and other income such as alimony or workers compensation will be listed separately in this field. Type of income will be displayed using a three-digit code.
Values: SSA = Social Security RRB = Railroad VAD = Veterans Benefits OPA = Other Pensions or Annuities OIN = Other Income 535-539 Income Not from Work PIC S9(06) V99 540-544 Income Not from Work PIC S9(06) V99 545-549 Earned Income: (Wages) PIC S9(06) V99 The annual amount of the beneficiary’s wages from work will be displayed in this field. The figures shown are before any deductions (for taxes, premiums, etc).
NOTE: Wages are counted using SSI methodology; that is, Social Security does not count the first $65 of earnings and one– half of earnings over $65 received in a month from work.
550-554 Earned Income: (Wages) PIC S9(06) V99 The annual amount of the spouse’s wages from work will be displayed in this field. The figures shown are before any deductions (for taxes, premiums, etc). 555-559 Net Earnings from self –employment) PIC S9(06) V99 This will show net earnings from self- employment for the year for the beneficiary. 560-564 Net Earnings from self –employment) PIC S9(06) V99 This will show net earnings from self- employment for the year for the spouse. 565-569 Net Loss from self – employment PIC S9(06) V99 This will show the amount of any net loss in self-employment income for the year for the beneficiary. 570-574 Net Loss from self – employment PIC S9(06) V99 This will show the amount of any net loss in self-employment income for the year for the spouse. 575-1000 FILLER PIC X(426) Blank Spaces (Future Considerations)
SSA transmits the MSP application data before applying any exclusion to income and resources. When SSA makes a subsidy determination, the first $20 of income each month is excluded. The figures shown on this chart (and transmitted to the State as MSP application data) are before the $20 deduction.
SSA also does not count the first $65 of earnings and one–half of all earnings over $65 received in a month from work. The figures shown on this chart (and transmitted to the State as MSP application data) are before this exemption is applied.