Texas Administrative Code
Title 1 - ADMINISTRATION
Part 15 - TEXAS HEALTH AND HUMAN SERVICES COMMISSION
Chapter 358 - MEDICAID ELIGIBILITY FOR THE ELDERLY AND PEOPLE WITH DISABILITIES
Subchapter C - FINANCIAL REQUIREMENTS
Division 3 - INCOME
Section 358.388 - Tuition Savings Programs
Universal Citation: 1 TX Admin Code ยง 358.388
Current through Reg. 49, No. 38; September 20, 2024
(a) The following words and terms, when used in this section, have the following meanings, unless the context clearly indicates otherwise.
(1) Tuition savings program--
(A) a prepaid tuition program or higher
education savings plan authorized under Chapter 54, Subchapter G, H, or I of
the Texas Education Code; or
(B) a
qualified tuition program of any state that meets the requirements of §529
of the Internal Revenue Service Code of 1986.
(2) Beneficiary--A designated individual
whose qualified higher education expenses are expected to be paid from a
tuition savings program.
(b) The Texas Health and Human Services Commission excludes funds used to establish a tuition savings program and payments made from or interest earned on a tuition savings program, if the tuition savings program was established:
(1)
before the beneficiary's 21st birthday; and
(2) by the beneficiary's parent, stepparent,
spouse, grandparent, brother, sister, uncle, or aunt, whether related by whole
blood, half blood, or adoption.
(c) The income exclusion described in subsection (b) of this section does not apply:
(1) to a person in the institutional special
income limit coverage group described in §
RSA
358.107(c)(2) of
this chapter (relating to Coverage Groups);
(2) if a withdrawal from the tuition savings
program is made for any purpose other than paying qualified educational
expenses of the beneficiary; or
(3)
if the tuition savings program is cancelled.
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