N.M. Admin. Code § 8.200.520.13

Current through Register Vol. 35, No. 23, December 10, 2024

Section 8.200.520.13 - FEDERAL BENEFIT RATES (FBR) AND VALUE OF ONE-THIRD REDUCTION (VTR)

Year	Individual	Institution	Individual	Couple	Institution	Couple
	FBR	FBR	VTR	FBR	FBR	VTR
1/89 to 1/90	$368	$30	$122.66	$553	$60	$184.33
1/90 to 1/91	$386	$30	$128.66	$579	$60	$193.00
1/91 to 1/92	$407	$30	$135.66	$610	$60	$203.33
1/92 to 1/93	$422	$30	$140.66	$633	$60	$211.00
1/93 to 1/94	$434	$30	$144.66	$652	$60	$217.33
1/94 to 1/95	$446	$30	$148.66	$669	$60	$223.00
1/95 to 1/96	$458	$30	$152.66	$687	$60	$229.00
1/96 to 1/97	$470	$30	$156.66	$705	$60	$235.00
1/97 to 1/98	$484	$30	$161.33	$726	$60	$242.00
1/98 to 1/99	$494	$30	$164.66	$741	$60	$247.00
1/99 to 1/00	$500	$30	$166.66	$751	$60	$250.33
1/00 to 1/01	$512	$30	$170.66	$769	$60	$256.33
1/01 to 1/02	$530	$30	$176.66	$796	$60	$265.33
1/02 to 1/03	$545	$30	$181.66	$817	$60	$272.33
1/03 to 1/04	$552	$30	$184.00	$829	$60	$276.33
1/04 to 1/05	$564	$30	$188	$846	$60	$282.00
1/05 to 1/06	$579	$30	$193	$869	$60	$289.66
1/06 to 1/07	$603	$30	$201	$904	$60	$301.33
1/07 to 1/08	$623	$30	$207.66	$934	$60	$311.33
1/08 to 1/09	$637	$30	$212.33	$956	$60	$318.66
1/09 to 1/10	$674	$30	$224.66	$1,011	$60	$337
1/10 to 1/11	$674	$30	$224.66	$1,011	$60	$337
1/11 to 1/12	$674	$30	$224.66	$1,011	$60	$337
1/12 to 1/13	$698	$30	$232.66	$1,048	$60	$349.33
1/13 to 1/14	$710	$30	$237	$1,066	$60	$355
1/14 to 1/15	$721	$30	$240	$1,082	$60	$361
1/15 to 12/15	$733	$30	$244	$1,100	$60	$367
1/16 to 12/16	$733	$30	$244	$1,100	$60	$367
1/17 to 12/17	$735	$30	$245	$1,103	$60	$368
1/18 to 12/18	$750	$30	$250	$1,125	$60	$375
1/19 to 12/19	$771	$30	$257	$1,157	$60	$386
1/20 to 12/20	$783	$30	$261	$1,175	$60	$392
1/21 to 12/21	$794	$30	$264.66	$1,191	$60	$397
1/22 to 12/22	$841	$30	$280.33	$1,261	$60	$420.50
1/23 to 12/23	$914	$30	$304.66	$1,371	$60	$456.99
1/24 to 12/24	$943	$30	$314.33	$1,415	$60	$471.66

A. Ineligible child deeming allocation is $472.

B. Part B premium is $174.70 per month.

C. VTR (value of one third reduction) is used when an individual or a couple lives in the household of another and receives food and shelter from the household or when the individual or the couple is living on their own household but receiving support and maintenance from others.

D. The SSI resource standard is $2000 for an individual and $3000 for a couple.

N.M. Admin. Code § 8.200.520.13

8.200.520.13 NMAC - Rp, 8.200.520.13 NMAC, 1-1-14; Adopted by New Mexico Register, Volume XXVI, Issue 16, August 28, 2015, eff. 8/28/2015, Amended by New Mexico Register, Volume XXVII, Issue 01, January 15, 2016, eff. 1/1/2016, Amended by New Mexico Register, Volume XXVIII, Issue 04, February 28, 2017, eff. 3/1/2017, Amended by New Mexico Register, Volume XXIX, Issue 10, May 29, 2018, eff. 5/17/2018, Amended by New Mexico Register, Volume XXIX, Issue 17, September 11, 2018, eff. 9/11/2018, Amended by New Mexico Register, Volume XXX, Issue 08, April 23, 2019, eff. 4/11/2019, Amended by New Mexico Register, Volume XXX, Issue 14, July 30, 2019, eff. 7/30/2019, Amended by New Mexico Register, Volume XXXI, Issue 16, August 25, 2020, eff. 8/11/2020, Amended by New Mexico Register, Volume XXXI, Issue 23, December 15, 2020, eff. 12/15/2020, Amended by New Mexico Register, Volume XXXII, Issue 09, May 4, 2021, eff. 4/1/2021, Amended by New Mexico Register, Volume XXXII, Issue 16, August 24, 2021, eff. 9/1/2021, Amended by New Mexico Register, Volume XXXIII, Issue 08, April 19, 2022, eff. 4/1/2022, Amended by New Mexico Register, Volume XXXIII, Issue 15, August 9, 2022, eff. 8/9/2022, Amended by New Mexico Register, Volume XXXIV, Issue 06, March 28, 2023, eff. 4/1/2023, Amended by New Mexico Register, Volume XXXV, Issue 07, April 9, 2024, eff. 4/1/2024, Amended by New Mexico Register, Volume XXXV, Issue 14, July 30, 2024, eff. 8/1/2024