N.M. Admin. Code § 8.201.500.14 - COMPUTATION OF COLA DISREGARDS IN PICKLE AND 503 LEADS CASES
A. An applicant/
recipient's countable income, after exclusion of the Title II COLAs received
following SSI termination, must be less than the current SSI federal benefit
rate (FBR).
B. To determine the
total amount of the applicant/ recipient's Title II COLAs received since the
applicant/recipient lost SSI, the following calculation must be completed:
(1) divide the current Title II amount by the
percentage amount of the previous year's COLA;
(2) repeat this calculation for each Title II
COLA benefit received after the applicant lost SSI; computations are based on
the previous year's COLA and previous benefit; see
8.200.520.12 NMAC, COLA
disregard computation, of 503 leads and pickle cases;
(3) when the last computation is completed,
the result is the Title II benefit amount the applicant/ recipient was
receiving when they lost SSI;
(4)
subtract this amount from the current Title II benefit amount; the result is
the aggregate Title II COLAs the applicant/recipient received after losing SSI;
and
(5) subtract the aggregate
COLAs from the applicant/recipient's countable income to determine if the
income is below the current SSI FBR.
C. If the resulting income is below the
current SSI FBR, and the applicant/recipient meets all other requirements for
SSI, they are eligible for medicaid extension.
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.