FAASTA.E State Assistance Authorization (STAA) : 05 State Assistance Types of Unearned Income - Overview : K State Assistance Types of Unearned Income - Insurance Payments
K State Assistance Types of Unearned Income - Insurance Payments
Insurance payments received by the participant are COUNTABLE when any of the following apply:
 
The payment is made payable to the participant and is not used to replace or repair insured items.
The payments are used for, or intended to, meet basic daily needs.
 
Key the gross converted income in the UNEARNED OTHER INCOME field on STAA. (See Budgeting Income)
 
EXCEPTION
When the payment is issued to repay a specific bill, debt, or estimate and cannot be used for other needs, it is NOT COUNTABLE.