FAA4 Financial Eligibility Factors

Revision 49 (01-01-21 through 12-31-21) : FAA4 Financial Eligibility Factors

FAA4 Financial Eligibility Factors

FAA4.A05D – Individual Development Accounts (IDA)

Revised to explain the purpose of an IDA and moved the rule out of the exception box. Added that both CA and NA must be active when determining whether an IDA is not countable as resource. (Effective for all applications received on or after 02/01/2021)

FAA4.A05D.01 – Individual Development Account (IDA) - Requirements

Removed entire section. There is no longer an agreement with Bank of America for opening IDAs. (Effective for all applications received on or after 02/01/2021)

FAA4.A05D.02 – Individual Development Account (IDA) - Screening for Eligibility

Removed entire section. There is no longer an agreement with Bank of America for opening IDAs. (Effective for all applications received on or after 02/01/2021)

FAA4.A05D.03 – Opening an Individual Development Account (IDA)

Removed entire section. There is no longer an agreement with Bank of America for opening IDAs. (Effective for all applications received on or after 02/01/2021)

FAA4.A05D.04 – Individual Development Account (IDA) - Renewals

Changed title from Monitoring the Individual Development Account (IDA). Revised this section to address requirements for renewals. Monitoring of IDAs during the approval period is not required. (Effective for all applications received on or after 02/01/2021)

FAA4.A05D.13 – Individual Development Account (IDA) Status Changes – Notifying Bank of America

Removed entire section. There is no longer an agreement with Bank of America, this section is no longer applicable. (Effective for all applications received on or after 02/01/2021)

FAA4.G04E.04 – NA Student Eligibility-Exemptions

Removed Warning and clarified caretaker exemption eligibility requirements when there are multiple students. (Effective for all applications received on or after 02/01/2021)

FAA4.H03E.04 – CA Sanction Income

Added the associated OnBase FAA-1523A Personal Responsibility Agreement Unity form and the A026 notice as options for compliance. (Effective 03/01/2021)

FAA4.H03E.08 – Supplemental Security Income

Clarified documentation requirements when using net income and provided examples. (Effective for all applications received on or after 01/11/2021)

FAA4.H03E.18 – Nutrition Assistance Program

Revised due to discrepancy in budgeting income and updated policy that Puerto Rico no longer gives cash benefits for NAP. (Effective 01/11/2021)

FAA4.H03E.19 – Unemployment Insurance (UI)

Archived 03/01/2021

Archived 03/22/2021

Added Railroad Retirement Board Unemployment Insurance income keying information. (Effective with all determinations completed on or after 03/01/2021). Added minors receiving UI information. (Effective for all applications received on or after 03/22/2021.)

FAA4.H03E.22 – Emergency Rental Assistance Program

New Policy

Added new policy for the Emergency Rental Assistance Program. (Effective with all applications received on or after 02/23/2021)

FAA4.H03LL – Railroad Retirement Board (RRB)

Updated title with RRB for Railroad Retirement Board. Added two additional types of RRB Income and keying information. (Effective with all determinations completed on or after 03/01/2021)

FAA4.H03TT – Social Security Administration (SSA) Benefits

Clarified documentation requirements when using net income and provided examples. (Effective for all applications received on or after 01/11/2021)

FAA4.H06 – Budgeting Unearned Income - Overview

Clarified documentation requirements when using net income and provided examples. (Effective for all applications received on or after 01/11/2021)

FAA4.I03A – Census Income

New Policy

Added new reference to reinstate census policy due to Post Enumeration Survey. (Effective the benefit month of 02/2021 through 10/2021)

FAA4.I03L– Training Related Expense Income

Added verification of the TRE reimbursement payment and moved WARNING to a note. (Effective for all eligibility determinations completed on or after 02/22/2021)

FAA4.I03R.09 – Leave Pay – Still Employed

Added verbiage regarding how to key Railroad Sickness Insurance for participants who are still employed. (Effective with all determinations completed on or after 03/01/2021)

FAA4.I05A – Sources of Earned Income Verification

Updated name of VerifyDirect to Verify Advantage. (Effective for all applications received on or after 01/11/2021)

FAA4.I06 – Budgeting Earned Income - Overview

Clarified documentation requirements when using net income and provided examples. (Effective for all applications received on or after 01/11/2021)

FAA4.K07E – NA Medical Insurance Premiums

Rearranged order of policy removed warning and exception box but used the verbiage for the policy, corrected punctuation error. (Effective for all eligibility determinations made on or after 01/11/2021)

FAA4.K07I – NA Medicare Premiums

Removed exception box. Rearranged the order of policy. Added information about SOLQI and added a link for SOLQI, and added a link to BDXI. (Effective for all eligibility determinations made on or after 01/11/2021)

FAA4.K07J – NA Medication and Prescriptions

Added online and shipping and handling. Rearranged the order of policy. Removed the exception box and used the verbiage for the policy. (Effective for all eligibility determinations made on or after 01/11/2021)