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based on the date of an application. Once the final uncompensated value (UV) of all improper transfers made on and after 11-01-09 has been determined, the steps below are to be followed to determine the length of the penalty period: 1. Divide the UV by the facility rate as of the date of application. Round up at 2 decimal places. (For example, 2.26216807 are 2.27 months.) This result is the length of the penalty period. 2. If the above division happens to result in whole months, the calculation of the penalty is complete. 3. If the length of the penalty period as calculated above includes a fractional month, the next step is to convert the fractional month into days. Multiply the partial month by 30.42 and round up to determine the number of days in last month of the penalty period. Example: UV = 10,129.24 Private Rate = $4,611 $10,129.24 divided by $4,611 = 2.1967555 2.20 months Partial month .20 x 30.42 Standard of days = 6.084 7 days Penalty period is 2 months, 7 days. 2640.10.35.10 MULTIPLE TRANSFERS OF PROPERTY For transfers occurring on or after November 1, 2009, if multiple transfers occurred during a person’s look-back review period that require a transfer of property penalty period, there is to be one overall penalty period that is a cumulative total of all the improper transfers. of all the improper transfers. Example: • An individual admitted to Long Term Care facility on 10/08/09 • Application filed 11/20/2010 • Facility Private Rate is $4,826 (see IHCPPM 3006.00.00) The first month of eligibility is 10/2010. (The applicant is ineligible for August and September due to excess resources). Transfers: • 11/03/2009: $10,000 cash gift to sister • 11/09/2010: $800 cash gift to son • 11/14/2010: $20,000 cash to best friend Evaluation: All transfers are determined to be improper and subject to penalty. Because the application was filed after 10/01/2009, the $1,200 de minimis transfer allowance rule applies to each year of transfers. The $10,000 transfer is reduced to $8,800 because the gift was to a family member. $8,800 divided by