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DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI RESOURCE TRANSFERS 11/18 CHAPTER G PAGE 31

18.3. Less Than The Entire Resource Returned If less than the entire resource is returned, compute the period of ineligibility. The adjusted uncompensated value will be computed by subtracting the amount of the resource that was returned from the CMV of the resource. The recomputed period of ineligibility will be based on the adjusted uncompensated value. The recomputed period of ineligibility will have the same beginning date, the first of the month following the month of the initial transfer. If additional funds are subsequently returned, it will be necessary to compute the uncompensated value again. Note: Assume, absent evidence to the contrary, that the returned resource has the same current market value (CMV) it had when it was originally transferred. But, if there is evidence that the returned resource has a different CMV verify the new value, compute the uncompensated value by comparing the CMV in the month the resource is returned with the CMV at the time of the original transfer. Example 1: Ms. Jones files for AG on 8/6/18 and alleges ownership of 50 shares of stock worth $5,000. She learns that the stocks would make her ineligible for AG due to excess resources, so she gives all 50 shares to her brother on 8/9/18. She returns to the LDSS and alleges that she no longer owns the stocks. The worker determines that she transferred the stocks for less than current market value and determines that she is ineligible due to excess resources in 8/18, and subject to a period of ineligibility beginning in 9/18 based on $5,000 uncompensated value. On 10/5/18 Ms. Jones returns to the LDSS and reports that the stocks were returned to her on 10/3/18. After reviewing the evidence, the worker determines that 15 shares of stock worth $1,850 had been returned to Ms. Jones. Since the entire resource was not returned, Ms. Jones does not meet the exception to the period of ineligibility. The worker computes the uncompensated value ($5,000 minus $1,850 = $3,150) and uses the new, lower uncompensated value to compute the period of ineligibility. The recomputed period of ineligibility would have the same beginning date, but it would have fewer months due to the lower uncompensated value.