23 Miss. Code. R. 104-10.4 - In-Kind Income
A. In-kind income
is defined as follows:
1. In-kind income is
any income other than cash income.
a) To meet
the definition of income, the in-kind item received by the individual must be:
1) Food or shelter; or
2) Something the individual can sell or
convert to obtain food or shelter.
(a) If the
in-kind item is neither food nor shelter, and it cannot be sold or converted to
cash, then it is not income.
B. In-kind income is treated as
follows:
1. In-kind Support and Maintenance
(ISM) is unearned income in the form of food or shelter, or both. Receipt of
clothing is no longer counted as ISM effective March 9, 2005.
a) ISM is an SSI policy principal that may be
applicable to all categories of eligibility as described below:
1) Whenever in-kind payments, as defined
above, are received by individuals in SSI-related categories, such as SSI retro
cases and former SSI recipient cases, the value of the ISM is determined by one
of the three methods discussed below and the ISM is counted as unearned
income.
2) For cases associated
with the Federal Poverty Level (FPL) or Institutional Income limit, the source
of the in-kind payment determines whether the ISM is countable. If the source
of the in-kind payment is for the benefit of the client and the in-kind payment
is for food or shelter, the actual amount of the ISM is countable unearned
income.
(a) Example: The client is the
beneficiary of a trust, which is not a resource. A monthly disbursement of $300
is made from the trust to pay his shelter costs. The amount of the disbursement
is countable unearned income.
(b)
Example: The client's mother pays his rent of $300 to his landlord from her own
funds. This third party payment is not countable ISM to the Medicaid recipient.
b) To
determine the value of ISM for an eligible individual or couple in an
SSI-related category of eligibility, use the lesser of the three values
discussed below when the individual or couple:
1) Lives in the household of
another,
2) Receives rent free
shelter,
3) Has someone else (a
third party) pay for goods and services provided to the eligible, or
4) Receives rental subsidies.
c) Current Market Value (CMV).
This is the amount for which something can be purchased locally on the open
market.
1) Depending on the type of support
and maintenance received, the determination of the CMV may be based on various
factors such as the assessed value from a knowledgeable source, property
owner's statement, and the individual's payment.
d) Actual Value (AV). The current market
value is divided by the number of people receiving support and maintenance
minus any payment made out of an individual's own funds. If he makes no
payment, AV and CMV may be the same amount.
e) Presumed Maximum Value (PMV). This is an
amount equivalent to one-third of the applicable Federal Benefit Rate (FBR)
plus $20.
1) The PMV rules apply to in-kind
support and maintenance that is countable as unearned income. The PMV never
applies to earned income.
2) Use of
the PMV in determining an individual's countable income is rebuttable by the
individual's showing that the AV of the in-kind support and maintenance he
receives is less than the PMV.
(a) The lower
of these two figures is always used, but never an amount in excess of the PMV,
regardless of the number of sources of such income or the variety of living
arrangements during any one given period.
3) PMV is not used to determine the value of
ISM for individuals in FPL or institutional categories.
f) ISM is counted as income in the month in
which the individual has use of the food or shelter item, with the exception
that a third party vendor payment received as a gift is income in the month in
which the payment is made.
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