Page 184

CODE OF COLORADO REGULATIONS 10 CCR 2505-10 8.100 Medical Services Board

184 occurred. For transfers made on or after February 8, 2006, the period of ineligibility shall begin on the later of the following dates: a) The first day of the month following the month in which the transfer occurred or is discovered. For transfers discovered after the date the transfer occurred, the date of transfer shall be the discovery date. Or; b) The date on which the individual would initially be eligible for HCBS, PACE or institutional services based on an approved application for such assistance that were it not for the imposition of the penalty period, would be covered by Medical Assistance; And; c) Which does not occur during any other period of ineligibility for services by reason of a transfer of assets penalty. d. The period of ineligibility shall also include partial months, which shall be calculated by multiplying 30 days by the decimal fractional share of the partial month. The result is the number of days of ineligibility. For transfers occurring on or after April 1, 2006, the result shall be rounded up to the nearest whole number. e. There is no maximum period of ineligibility. f. For transfers prior to February 8, 2006, the total amount of all of the transfers are added together and the period of ineligibility begins the first day of the month following the month in which the resources are transferred. i) If the previous penalty period has completely expired, the transfers are not added together.