How interest and dividend payments are treated depends on the following:
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If the customer is eligible for... |
Then the treatment is... |
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Excluded. |
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Counted as unearned income. Exceptions:
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Term |
Definition |
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Interest and Dividends |
Interest and dividends are returns on capital investments such as promissory notes, loans, property agreements, burial accounts, stocks, bonds, savings accounts or checking accounts. |
Income is first obtained through the Federal and State Data Services Hubs. If needed, other proof includes:
Tax reporting forms and related schedules;
Account statements; or
Written statement from the financial institution.
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Program |
Legal Authorities |
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ALTCS SSI-MAO Medicare Savings Program |
42 USC 1382a(a)(2)(F) 42 USC 1382a(b)(23) 20 CFR 416.1121(c) |
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Adult Caretaker Relative Pregnant Woman Child KidsCare |
42 CFR 435.603 42 CFR 457.10, 300, 301 and 315 |