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DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI RESOURCE TRANSFERS 11/18 CHAPTER G PAGE 34 The period of ineligibility begins on the first day of the month after the month the resource was transferred for less than current market value. The rule applies for initial claims and for ongoing situations. Exception: If an individual transfers resources several times during the look back period, the total uncompensated value of all the transfers in the applicable period is used to determine the length of the period of ineligibility and the period would begin on the first day of the month after the first transfer. Example 1: Transfer in Filing Month Mr. Johnson gives away $2,500 cash to his brother on 5/15/18 and files for AG on 5/20/18. The first month of the period of ineligibility is 6/18 (the month after the transfer). Example 2: Multiple Transfers Ms. Thomas files for AG on 10/22/18. The worker learns that she gave away $2,500 cash on 3/15/18 and that she gave away $1,500 cash on 5/3/18. The period of ineligibility would be based on uncompensated value of $4,000 ($2,500 + $1,500) and would begin in 4/18 (the month after the first transfer).
20.3. Computing The Period Of Ineligibility - Individual Follow this procedure to compute the period of ineligibility for an individual applicant/recipient. Determine the total, cumulative uncompensated value of all resources transferred during the look-back period. Divide the uncompensated value by the full amount of the ALF/AFCH rate for the area in which the individual lived at the time of the transfer. The resulting amount, computed to 2 decimal places and rounded down to the nearest whole number, is the number of months of the period of ineligibility. Example: The worker determines that Mr. Smith, a Virginia Beach resident, transferred a resource for less than fair market value on 8/10/18. The transfer resulted in uncompensated value of $7,500. The worker divides $7,500 by $1,271, which equals 5.90. The worker rounds up to the nearest whole number and determines that the period of ineligibility is 6 months and would begin in 9/18.