How much income can a family have and still be eligible for MFIP?

Eligibility limits and incomes related to exit levels are different for different family sizes.

Family Income must be below a threshold called the “Family Wage Level” to determine who is financially eligible for MFIP. See the Family Wage Level for each family size in ESM 24.9 (Links MFIP Benefit Levels).

How many assets can a family have and still remain eligible for MFIP?

There is a $10,000 asset limit which includes:

· Cash.

· Bank accounts.

· Liquid stocks and bonds.

· Vehicles.

See Combined Manual 0015.01 (Counted Assets), Combined Manual 0015.03 (Asset Limits).

The asset limit has special rules for vehicles:
The asset limits exclude 1 vehicle for each eligible person 16 years and older in the household. See Combined Manual 0015.39 (Excluded Assets - Vehicles).