New Jersey Administrative Code
Title 10 - HUMAN SERVICES
Chapter 69 - AFDC-RELATED MEDICAID
Subchapter 3 - ESTABLISHING PROGRAM ELIGIBILITY IN AFDC-RELATED MEDICAID
Section 10:69-3.36 - Action by CWA upon voluntary liquidation
Universal Citation: NJ Admin Code 10:69-3.36
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Upon voluntary liquidation of a claim or interest, and the family is currently receiving AFDC-related Medicaid, the CWA shall evaluate the situation to determine the family's continued eligibility for Medicaid coverage.
(b) Rules on continued eligibility arising from sale of exempt resources (see N.J.A.C. 10:69-11.1 for exempt resources) are as follows:
1. The CWA shall not terminate
eligibility when the proceeds from the sale of an exempt resource are promptly
reinvested in another exempt resource of the same type. Funds designated by the
client as being reserved for such reinvestment, including any interest accrued
during the period, may be held for up to three months, provided the funds are
held in escrow or are otherwise unavailable for daily living expenses. The
three-month period may be extended upon written approval of the Division of
Medical Assistance and Health Services.
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