New Mexico Administrative Code
Title 8 - SOCIAL SERVICES
Chapter 242 - MEDICAL ASSISTANCE PROGRAM ELIGIBILITY - QUALIFIED DISABLED INDIVIDUALS WHOSE INCOME EXCEEDS QMB AND SLIMB
Part 500 - INCOME AND RESOURCE STANDARDS
Section 8.242.500.10 - RESOURCE STANDARDS

Universal Citation: 8 NM Admin Code 8.242.500.10
Current through Register Vol. 35, No. 18, September 24, 2024

The total value of an applicant or a re-determining recipient's countable resources must not exceed $4,000. The resource limit for an applicant or re-determining recipient couple is $6,000. An applicant or a re-determining recipient with an ineligible spouse is eligible if the couple's countable resources do not exceed $6,000 at the time resources are deemed. The resource determination is always made as of the first moment of the first day of the month. An applicant or a re-determining recipient is ineligible for any month in which countable resources exceed the current resource standard as of the first moment of the first day of the month. Changes in the value of countable resources during a month do not affect eligibility for that month.

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