N.M. Admin. Code § 8.215.500.17

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

Section 8.215.500.17 - DEEMING RESOURCES

A.Deeming resources when an applicant/recipient lives with an ineligible spouse: If an eligible noninstitutionalized applicant/recipient lives in the same household with an ineligible spouse, the resources of the ineligible spouse are considered to belong to the applicant/recipient. The resource standard for a couple applies.

B.Deeming resources for minor applicant living with ineligible parent(s): If an applicant/recipient is a minor under 18 years of age, the resources of the parent(s) are deemed to the applicant/recipient if the parent(s) live in the same household.

(1)Computing deemed resources: To determine the amount of resources deemed to an applicant/recipient who is a minor, the following computation is made:

(a) determine the parent(s) resources;

(b) allow the parent(s) all the resource exclusions that an applicant/recipient receives; and

(c) remaining resources in excess of two thousand dollars ($2,000) for one parent or three thousand dollars ($2,000) for two parents are deemed to the eligible minor.

(2)Computing countable resources: The deemed resources are added to the applicant/recipient's own countable resources. The minor applicant/recipient is eligible if countable resources do not exceed resource standards.

N.M. Admin. Code § 8.215.500.17

2-1-95, 7-31-97; 8.215.500.17 NMAC - Rn, 8 NMAC 4.SSI.519, 3-1-01, Adopted by New Mexico Register, Volume XXIX, Issue 04, February 27, 2018, eff. 3/1/2018