TITLE 89: SOCIAL SERVICES
CHAPTER I: DEPARTMENT OF HEALTHCARE AND FAMILY SERVICES
SUBCHAPTER b: ASSISTANCE PROGRAMS
PART 120 MEDICAL ASSISTANCE PROGRAMS
SECTION 120.330 UNEARNED INCOME


 

Section 120.330  Unearned Income

 

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.

 

(Source:  Amended at 21 Ill. Reg. 13638, effective October 1, 1997)