Mississippi Administrative Code
Title 23 - Division of Medicaid
Part 104 - Income
Chapter 7 - Sources and Treatment of Unearned Income
Rule 23-104-7.1 - Annuities, Pensions, Retirement and Disability Payments
Universal Citation: MS Code of Rules 23-104-7.1
Current through September 24, 2024
A. These types of income are defined as follows:
1. An annuity is a sum paid yearly or at
other specific times in return for the payment of a fixed sum. Annuities may be
purchased by an individual or by an employer.
2. Pensions and retirement benefits are
payments to a worker following retirement from employment. These payments may
be paid directly by a former employer, by a trust fund, an insurance company or
other entity.
3. Disability
benefits are payments made because of injury or disability.
B. These types of income are treated as follows:
1. Annuities, pensions,
retirement benefits and disability benefits are counted as unearned income.
a) An exception is certain accident
disability benefits paid within the first 6 months after the month an employee
last worked are treated as earned income.
Social Security Act §1902 (r)(2); 42 CFR §435.601(b) (Rev 1994).
Disclaimer: These regulations may not be the most recent version. Mississippi 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.
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