2) Multiple Transfers Applied Separately

The customer transfers $5,500 in May, $5,500 in June and $2,500 in July. She later transfers $35,000 in November. The private pay rate for the customer’s county of residence when she was first approved for ALTCS was $5,942.65.

The earliest transfers made in the consecutive months of May, June and July total $13,500. Divided by $5,942.65, this equals 2.27 months. The penalty period would begin in May and end with a partial month penalty in July. Since the first penalty period would end before the month of the later transfer of $35,000, the penalty periods are calculated separately. The penalty period for the $35,000 transfer would begin in November, the month in which the transfer was made.