N.J. Admin. Code § 10:69-3.36

Current through Register Vol. 56, No. 11, June 3, 2024

Section 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.

N.J. Admin. Code § 10:69-3.36

Amended by 49 N.J.R. 3729(a), effective 12/4/2017