Revision 49 (01-01-21 through 12-31-21) : FAA4 Financial Eligibility Factors
FAA4 Financial Eligibility Factors
 
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)
 
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 There is no longer an agreement with Bank of America, this section is no longer applicable.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)
 
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)
 
Clarified documentation requirements when using net income and provided examples. (Effective for all applications received on or after 01/11/2021)
 
Revised due to discrepancy in budgeting income and updated policy that Puerto Rico no longer gives cash benefits for NAP. (Effective 01/11/2021)
 
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.)
 
New Policy
Added new policy for the Emergency Rental Assistance Program. (Effective with all applications received on or after 02/23/2021)
 
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)
 
Clarified documentation requirements when using net income and provided examples. (Effective for all applications received on or after 01/11/2021)
 
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)
 
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)
 
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)
 
Updated name of VerifyDirect to Verify Advantage. (Effective for all applications received on or after 01/11/2021)
 
Clarified documentation requirements when using net income and provided examples. (Effective for all applications received on or after 01/11/2021)
 
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)
 
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)
 
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)