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 8.243.500.13 - RESOURCE EXCLUSIONS
Universal Citation: 8 NM Admin Code 8.243.500.13
Current through Register Vol. 35, No. 18, September 24, 2024
Specified types of resources are excluded from the calculation of countable resources as described in 8.215.500.14 NMAC as follows:
A. Retirement funds: Internal revenue service-recognized retirement fund accounts are excludable resources in the eligibility determination so long as funds are not withdrawn from the account.
B. Examples of such retirement fund accounts include: PERA, ERA, an employer's qualifying pension plan, 401(k) plan, civil service annuity, IRA, Roth IRA, KEOUGH plan, etc.
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