New Mexico Administrative Code
Title 8 - SOCIAL SERVICES
Chapter 243 - MEDICAID ELIGIBILITY - WORKING DISABLED INDIVIDUALS (WDI) (CATEGORY 043)
Part 500 - INCOME AND RESOURCE STANDARDS
Section 8.243.500.10 - RESOURCE STANDARDS
Universal Citation: 8 NM Admin Code 8.243.500.10
Current through Register Vol. 35, No. 18, September 24, 2024
A "resource" is defined as cash or liquid assets and real or personal property which is owned and can be used either directly, or by sale or conversion, for the applicant's/recipient's support and maintenance. Resources may be liquid or non-liquid and may be excluded from the eligibility determination process under certain conditions.
A. A liquid resource is an asset, which can readily be converted to cash.
B. A non-liquid resource is an asset or property, which cannot readily be converted to cash.
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