Anticipating Income - Overview
(01/01/19 - 12/31/19)
Anticipate income when there is not a full month of income received or the projected amount does not accurately reflect the monthly circumstances. This includes situations where verified changes (i.e. pay raises or pay decreases) must be anticipated.
Determine the anticipated income that is budgeted by discussing with the participant and documenting the following:
The reason the prior income is not expected to continue
The amount of income the participant expects to receive monthly
Documentation must support determinations of eligibility and benefit level. Document in sufficient detail to ensure that any reviewer can assess whether the determination is reasonable and accurate. Include specific information regarding the reason the income is determined to be normal. (See Income Documentation Requirements)