Mississippi Administrative Code
Title 23 - Division of Medicaid
Part 104 - Income
Chapter 6 - Unearned Income - General Provisions
Rule 23-104-6.8 - Payments in Foreign Currency
Universal Citation: MS Code of Rules 23-104-6.8
Current through September 24, 2024
A. Occasionally, an individual receives income tendered in a monetary unit other than US dollars, usually in the form of a check or a direct deposit to a bank.
B. The US dollar value of a payment made in foreign currency, less expenses, is income.
1. Foreign currency payments are counted as
income when received unless the individual can establish that the payment was
received too late in the month for conversion prior to the following
month.
Social Security Act §1902 (r)(2); 42 CFR §435.601(b) (Rev 1994).
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