Code of Maine Rules
10 - DEPARTMENT OF HEALTH AND HUMAN SERVICES
144 - DEPARTMENT OF HEALTH AND HUMAN SERVICES - GENERAL
Chapter 332 - MAINECARE ELIGIBILITY MANUAL
Part 17.5 - INCOME
Section 144-332-17.5-2 - INCOME FOR ELIGIBILITY GROUPS FOR WHICH MAGI-BASED METHODOLOGY APPLIES
Current through 2024-38, September 18, 2024
Section 2.1: MAGI-based Income
MAGI-based income is defined as income calculated using the same financial methodologies used to determine modified adjusted gross income as defined in section36B(d)(2)(B) of the Internal Revenue Code, ["Modified adjusted gross income" means adjusted gross income increased by - (a) Any amount excluded from gross income under section 911 of the Internal Revenue Code; (b) Any amount of interest received or accrued by the taxpayer during the taxable year which is exempt from tax; and (c) An amount equal to the portion of the taxpayer's social security benefits (as defined in the Internal Revenue Code Section 86(d) which is not included in gross income under section 86 for the taxable year"], with the following exceptions:
A. An amount received as a lump sum is counted as income only in the month received;
B. Scholarships, awards, or fellowship grants used for education purposes and not for living expenses are excluded from income;
C. American Indian/Alaska Native exceptions. The following are excluded from income:
Section 2.2 Income Conversion Methodology
When income is received once a month, the taxable income is the amount to be counted.
When income is received twice a month (usually the first and fifteenth of each month), multiply the taxable wages by two.
When income is received biweekly, multiply the taxable wages by 2.15.
When income is received weekly, multiply the taxable wages by 4.3.