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I have a low log number for a lottery with lots of units available, and I'm expecting to be contacted about submitting eligibility documents.
I've had an unusually high amount of company equity vest this year. If it's added to my salary and counted as income, it won't put me over the income range.
However, if it's counted as both income & assets, then it will put me over the range. In other words, I heard that HC takes 6% of all of your assets and adds that to your income - and if the total is over the income range, you do not qualify.
So if HC calculates my 2023 income + 2023 vested equity as income + 6% of my assets (which include the equity), then this figure will be above the range. I'm worried about this happening. Will they double count my equity?
Hope this question makes sense.
Last edited by animal_respecter; 09-14-2023 at 03:47 PM..
I doubt they can count something as both income and an asset. In any case, the income from assets number is pittance.
Per the guidebook (unless its been updated) It's not 6% but rather .06%. To be clear, assets multiplied by .006 (not .06), so it's an incredibly low number.
Actually it's even lower than I said.... .06% is .0006 not .006. Makes me wonder if it's a monthly income calculation instead of yearly. Even in that case its .06%x12, or less than 1%.
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