Mississippi Administrative Code
Title 23 - Division of Medicaid
Part 104 - Income
Chapter 7 - Sources and Treatment of Unearned Income
Rule 23-104-7.40 - Prizes
Universal Citation: MS Code of Rules 23-104-7.40
Current through September 24, 2024
A. This type of income is defined as follows:
1. A prize is generally something won in a
contest, lottery or game of chance.
B. This type of income is treated as follows:
1. A prize is counted as unearned income
subject to the general rules pertaining to income and income exclusions.
a) Gambling losses are not subtracted from
gambling winnings in determining an individual's countable income.
b) If a person is offered a choice between an
in-kind prize and cash, the cash offered is counted as unearned income even if
the individual chooses the in-kind item, regardless of the value, if any, of
the in-kind item.
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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