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DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI RESOURCE TRANSFERS 11/18 CHAPTER G PAGE 32 Example 2: Ms. Green files for AG on 12/5/17 and gives her son $10,000 in stock certificates on 12/21/17. The worker determines that she has a period of ineligibility of 8 months ($10,000 divided by $1,221 ALF rate = 8.19). Ms. Green is determined to be ineligible for AG from 1/18-08/18. However, in 7/18 her son returns $4,800 of the certificates to Ms. Green. It is necessary to compute the period of ineligibility based on uncompensated value of $5,200 ($10,000 minus $4,800). The worker determines that the period of ineligibility is only 5 months ($2,500 divided by $500). However, her period of ineligibility continues through 7/18—the month that the resource was returned. She is potentially eligible for AG as of 8/18 if she meets all other requirements for eligibility. 18.4. Verification Assume, absent evidence to the contrary, that the returned resource has the same current market value (CMV) it had when it was originally transferred. If there is evidence that the returned resource has a different CMV, verify the new value. Verify that the ownership of the resource has been returned to the individual by obtaining  The individual's signed statement and  Appropriate documents that show the date the resource was returned, and that ownership of the entire resource was reacquired A signed statement by the individual is not sufficient. It must be accompanied by the required additional verification. Failure to provide the appropriate verification will result in an inability to recalculate the period of ineligibility. The existing period of ineligibility will continue until the appropriate verifications are provided or the period of ineligibility expires.

19. Uncompensated Value Uncompensated value (UV) is the difference between the CMV of a resource and the amount of compensation received by the individual in exchange for the resource. The uncompensated value is used to determine the period of ineligibility. If the individual received compensation equal to or greater than the transferred resource’s fair market value, there is no uncompensated value and no period of ineligibility.

19.1. Multiple Transfers Within The Look Back Period