Illinois Administrative Code
Title 89 - SOCIAL SERVICES
Part 120 - MEDICAL ASSISTANCE PROGRAMS
Subpart H - MEDICAL ASSISTANCE - NO GRANT (MANG) ELIGIBILITY FACTORS
Section 120.330 - Unearned Income

Universal Citation: 89 IL Admin Code ยง 120.330

Current through Register Vol. 48, No. 38, September 20, 2024

a) All currently available, unearned income which is not specified as exempt shall be considered in the determination of eligibility.

b) Unearned income is all income other than that received in the form of salary for services performed as an employee or profits from self-employment. Unearned income includes any amount of interest earned from assets disregarded by Section 120.382(a)(3) and (a)(4).

c) When the amount of unearned income to be considered is determined, the cents are dropped from each payment amount.

d) For payments received weekly, the weekly amount is multiplied by 4.33 to determine the countable monthly income.

e) For payments received bi-weekly, the bi-weekly amount is multiplied by 2.16 to determine the countable monthly income.

Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.