Glossary E-words (MAM)

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Earned Income — Cash or in-kind benefits received as payment for work performed either as an employee, through the receipt of wages, salaries, tips, or commissions, or as a self-employed individual.

Earned Income Disregard (EID) — An amount which is computed and subtracted from earned income, when an EID is allowed.

Elderly person — An individual who will be age 60 or older as of the last day of the month.

Employment Expense Disregard (EED) - A flat monthly rate set by policy or the actual expenses which are attributable to the earning of income, when an EED is allowed. The EED is subtracted from earned income.

Employment-Related Disregards — All disregards which are subtracted only from earned income, when these disregards are allowed. These include the employment expense disregard, the child/dependent care disregard, and the earned income disregard.

Equity Value — The amount of money that would be available to the owner after the sale of a resource. Determine the equity value by subtracting any encumbrances, such as the principal owed on a loan or mortgage, from the fair market value. Equity value of life insurance policies means the cash surrender value minus any encumbrances.

Excluded Income — Specific types of income which are not counted in the determination of eligibility or the amount of assistance.

Excluded Resource — Real or personal property which is not counted in determining eligibility, when resources are counted in the eligibility process for a category of assistance.