N.M. Admin. Code § 8.296.500.11
Current through Register Vol. 35, No. 21, November 5, 2024
Income methodology is based on modified adjusted gross income (MAGI) in accordance with 42 Code of Federal Regulations (CFR) 435.603. Per 42 CFR 435.603(h)(2) HSD bases financial eligibility on current monthly household income and family size. Current monthly household income is defined as a 30-day period. If an amount of income is received less frequently than monthly, that amount is converted by dividing the total income by the number of months the income is intended to cover.
N.M. Admin. Code § 8.296.500.11