N.J. Admin. Code § 10:69-3.36 - Action by CWA upon voluntary liquidation
(a)
Upon voluntary liquidation of a claim or interest, and the family is currently
receiving AFDC-related Medicaid, the CWA shall evaluate the situation to
determine the family's continued eligibility for Medicaid coverage.
(b) Rules on continued eligibility arising
from sale of exempt resources (see
N.J.A.C.
10:69-11.1 for exempt resources) are as
follows:
1. The CWA shall not terminate
eligibility when the proceeds from the sale of an exempt resource are promptly
reinvested in another exempt resource of the same type. Funds designated by the
client as being reserved for such reinvestment, including any interest accrued
during the period, may be held for up to three months, provided the funds are
held in escrow or are otherwise unavailable for daily living expenses. The
three-month period may be extended upon written approval of the Division of
Medical Assistance and Health Services.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.