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What income counts?
"Income" means any cash, goods, or services that can be used to meet your needs for food or shelter. Examples of income that is and isn’t counted by Social Security or your state to decide if you qualify include (but aren’t limited to) the following:
Income counted:
- Wages
- Earnings from self-employment
- Social Security benefits
- Railroad Retirement benefits
- Veterans benefits
- Pensions
- Annuities
- Alimony
- Rental income
- Worker’s Compensation
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(Primary Source: Centers for Medicare and Medicaid Services - Your Guide to Medicare Prescription Drug Coverage 2008. This content may have been added upon by Q1Group LLC to include further examples, explanations, and links.)
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Last updated on: 07/05/2009
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Life Insurance plays an important role in your families financial stability.
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