CONNECTICUT DEPARTMENT OF SOCIAL SERVICES

UNIFORM POLICY MANUAL

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Date: 01-01-19 Transmittal: UP-09-01 P-1570.30 page 2

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Section: Type:

The Eligibility Process PROCEDURES

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Chapter: Program: MAABD

Fair Hearings

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Subject:

Adjustment of CSPA

P-1570.30 9. If the income from step 7 is not sufficient, compare the income currently

being generated by the CS’ assets (the CSPA amount) to what would be generated if the assets were producing income at a rate equal to the current average rate of return generated by a 12 month CD. To determine the return generated by a 12 month CD, average the three highest yields on 12 month CDs for banks with a physical presence in Connecticut. This figure can be obtained by referring to a reliable internet website, such as depositaccounts.com. If depositaccounts.com no longer exists or no longer provides information about banks with a physical presence in Connecticut, you may use a different website to obtain information about the rate of return on a 12 month CD for banks with a physical presence in Connecticut. Document the source of your information in the case notes. For spouses who live in another state, the yield determination should be based on the average of the three highest yields in banks with a physical presence in the state where the spouse resides. Again, if you cannot obtain this information using depositaccounts.com, you may use a different website and document the source of your information in the case notes.

Compute the income generated based on the higher of the two figures

described in step 9 above.

If the CS’ assets, producing income at the appropriate rate described above, when added to the CS’ other income, would be sufficient to meet the CS’ MMNA, stop here. Do not adjust the CSPA.

If the income would not be sufficient, continue to step 10.

10. If you determine that the CSPA should be increased, compute the amount of assets, based on the current average rate of return on a 12 month CD, needed to generate sufficient income to raise the community spouse's income to the MMNA. This the adjusted CSPA.