Alaska Administrative Code
Title 7 - Health and Social Services
Part 7 - Medicaid Assistance Eligibility
Chapter 100 - Medicaid Eligibility
Article 2 - Family Medicaid
7 AAC 100.142 - Conversion of resources
Universal Citation: 7 AK Admin Code 100.142
Current through August 30, 2024
(a) In the month in which one resource is converted to, or exchanged for, another resource, the department will not consider the newly acquired resource to be income. The new resource is subject to 7 AAC 100.100 - 7 AAC 100.199.
(b) For purposes of 7 AAC 100.100 - 7 AAC 100.199, money received from a refund or reimbursement is a converted resource rather than income. Conversion includes
(1) the refund of a rent deposit or rental
cleaning or security deposit, where an unavailable resource is converted to an
available resource;
(2) merchandise
returned in exchange for refund of the purchase price;
(3) money paid out for a repair that is later
refunded by the manufacturer under product warranty provisions;
(4) receipt of a federal or state income tax
refund;
(5) reimbursement from an
employer for out-of-pocket expenses related to work; and
(6) cash-in, by an individual not of
retirement age, of that individual's paid-up entitlement to a past employment
related retirement fund.
Authority:AS 47.05.010
AS 47.07.020
AS 47.07.040
Disclaimer: These regulations may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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