609.03 Time Frames for Using Averaged Fluctuating Income (FAM)

SR 23-04 Dated 02/23

Previous Policy

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Use the averaged fluctuating income for a set period of time based on the table below. See Part 161, Redetermination for redetermination periods.

 

If the individual has...

The average...

• no significant changes

• is valid for the next 6 months or until the next redetermination, whichever occurs first.

• reported or discovered significant changes

• must be redone based on the new circumstances.

• a history of unreported significant changes

• requires a new average be done every 3 months.

 

 

References: RSA 161:4-a,IX, RSA 167:3-c,I, He-W 652.06