Get Latest WorkWORLD

FIP Eligibility - Resources - Iowa

To qualify for FIP assistance, countable resources must be at or below the following limits:

·           $2,000 for FIP applicant families

·           $5,000 for FIP recipient families

Note: The $5,000 recipient limit applies to applicant families that contain a member who received FIP assistance in the month before the month of application.

Resource Exclusions

Resources that are not counted when determining FIP eligibility include the following:

·                The family’s homestead;

·                Non-homestead property that is up for sale at fair market value or that produces income consistent with fair market value;

·                Property sold under contract;

·                Household goods and personal effects;

·                As of 7/1/00, up to $3,959 equity value per vehicle of each adult and working teenage child in the family (the excluded amount is updated every July for inflation);

·                Life insurance with zero cash value;

·                Funeral trusts or burial contracts not to exceed $1,500 for each member of the FIP eligible group;

·                One burial plot for each member of the FIP eligible group;

·                That part of a nonrecurring lump sum reserved for payment of medical expenses;

·                Income in a month during that same month;

·                Inaccessible resources;

·                Loans;

·                Certain property settlements;

·                Value of assistance from the Women, Infants and Children program;

·                Income in kind;

·                The balance in an Individual Development Account;

·                Payments excluded by federal statute;

·                Inventory and supplies needed for self-employment;

·                Up to $10,000 in equity for tools of the trade or capital assets of self-employed families;

·                Up to $50 of current monthly support paid by a legally responsible person for a child in the FIP eligible group;

·                Financial assistance for education or training;

·                Resources of a Supplemental Security Income (SSI) recipient.

See also:

·      Non-Financial FIP Eligibility Criteria

·      Financial FIP Eligibility Criteria

·      FIP Overview

·      Welcome and Introduction to Benefits in Iowa

Source: Iowa DHS Employees’ Policy Manual

Title 4, Family Investment Program (FIP)

·     Chapter D, Resource Limits; Countable Resources; and Exempt Resources

Legal reference: 441 IAC 41.26(239B)

WorkWORLD™ Help/Information System
Topic Title: FIP Eligibility - Resources - Iowa
Topic URL: https://help.workworldapp.com/wwwebhelp/fip_eligibility_resources_iowa.htm
Bookmark: To bookmark page, first follow Topic URL link above. Then use (CTRL-D).
Print: Print this topic page.

NOTE: Table of Contents, Index, and Search facilities within the WorkWORLD Help/Information System, if not visible, are available by clicking the blue "Show Navigation" link at the extreme top left of this page. See Using the Help/Information System On The Web for additional information about this and other features of the system.

	Translate this page in a new window by selecting a language below. Machine translation services are offered as a convenience, and should only be used to obtain the "gist" or general meaning of the page content. No endorsement of this commercial service is intended or implied.
	Spanish	French	German	Italian	Portuguese	Norwegian	Dutch

   Share/Save: Click the button or link at left to select your favorite bookmark service and add this page.

This is one topic from the thousands available in the WorkWORLD™ software Help/Information System.
Complete information about the software is available at: http://www.WorkWORLD.org