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 8.242.500.13 - UNEARNED INCOME

Universal Citation: 8 NM Admin Code 8.242.500.13
Current through Register Vol. 35, No. 18, September 24, 2024

Unearned income exclusions: All social security and railroad retirement beneficiaries receive cost of living adjustments (COLAs) in January of each year. The income support specialist (ISS) must disregard the COLA from January through March when determining or re-determining QD eligibility. For re-determinations made in January, February and March or new QD applications registered in January, February or March, the ISS uses the December social security and railroad retirement benefit amounts. For QD applications registered from April through December, total gross income including the new COLA figures are used to determine income and compared to the new April FPL. This exclusion does not apply to other types of income.

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