1110.030.00 Lump Sum Payments

IM-#151 November 20, 2002

Consider a non-recurring lump sum payment from a source such as an insurance policy, sale of property, retroactive Social Security or Railroad Retirement benefits, income tax refund, reimbursed funeral expense, military re-enlistment bonuses, etc., as a resource when received and do not consider as income.  However, consider recurring payments from similar sources as income.

Consider all IM deficiency payments as resources and not income for FS cases.  Also consider IM retroactive payments for a prior month as resources and not income for the FS case.

NOTE: Exclude the lump sum payment from resources and from income if it meets the criteria for excluded resources and/or income.