ANNUAL ADJUSTED INCOME?
Annual income means all amounts, monetary or not or which are anticipated to be received during the 12-month period following admission or assets to which the family has access, which are not specifically excluded such as earned income by children under 18 years of age (including foster children); foster care payments; payments reimbursing medical expenses; income of a live-in aid; and student financial assistance, etc. Adjusted income means annual income less deductions for which a person or family may qualify, such as:For All Households: a) $480 for each dependent; b) Childcare expenses; c) Handicap assistance expenses;For Elderly Households only: a) $400 for an elderly household deduction; b) an allowance for a portion of their medical expenses.Income eligible is the adjusted annual income in the low and very low range (see below for income limits).
