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1272 (07/2026) Chapter 8: Examples • Chapter 8: Examples A court-ordered community spouse resource allowance for Mr. Smith PLUS $2,000 (the OSIPM resource limit for one person) OR An amount that would purchase a single premium immediate annuity PLUS $2,000 (the OSIPM resource limit for one person). Because $77,000 is the largest amount, Mr. Smith will not be eligible for OSIPM until the couple’s combined countable resources are reduced to $77,000. Example 2: (Same as Example #1 except for income of Mrs. Smith.) • Mr. and Mrs. Smith are legally married. Mr. Smith enters an adult foster home on October 5. At the time of entry into the adult foster home, the couple’s combined countable resources are $150,000. • One year later, Mrs. Smith applies for OSIPM for Mr. Smith and the couple’s combined countable resources are $100,000. Mr. Smith’s gross monthly income consists of Social Security benefits of $1,300. Mrs. Smith’s gross monthly income is SSB of $1,515. Mrs. Smith is entitled to FUA and rent is $650 per month. How are the couple’s resources evaluated to see if Mr. Smith is eligible for OSIPM? Step 1: Determine Mrs. Smith’s community spouse resource allowance. The resource allowance is the largest of the four following amounts: • One half of the couple’s resources at the time that Mr. Smith entered the adult foster home. This figure may not exceed $162,660 • $32,532 (The state community spouse resource allowance.) • A court-ordered community spouse resource allowance for Mrs. Smith. • An amount that would generate investment income to help raise Mrs. Smith’s income to a computed monthly maintenance needs allowance.; i.e the amount required to purchase a single premium immediate annuity to make up the shortfall. Step 2: Determine one half of the couple’s resources at the time that Mr. Smith entered the adult foster home. Mr. and Mrs. Smith’s combined countable resources were at the time Mr. Smith entered the adult foster home were $150,000. One-half of $150,000 = $75,000 (It does not exceed the maximum amount)