N.M. Admin. Code § 8.240.500.13

Current through Register Vol. 35, No. 20, October 22, 2024

Section 8.240.500.13 - INCOME STANDARDS

The income ceiling for QMB eligibility is one hundred percent of the federal income poverty guidelines. These guidelines are updated annually effective April 1st. See Section 8.200.520 NMAC, Income Standards. If the applicant is a minor child, income must be deemed from the parent(s). Income must be verified and documented in the case record. See Section 8.215.500.13 NMAC, countable resources, and Section 8.215.500.14 NMAC, resource exclusions, for specific information on exclusions, disregards, and calculation of countable income.

2/1/95; 9/15/95; 8.240.500.13 NMAC - Rn, 8 NMAC 4.QMB.522 & A, 7/15/10; 8.240.500.13 NMAC - Rn, 8.240.500.12 NMAC, 10/1/12, Amended by New Mexico Register, Volume XXXI, Issue 24, December 29, 2020, eff. 1/1/2021, Adopted by New Mexico Register, Volume XXXV, Issue 12, June 25, 2024, eff. 7/1/2024