With respect to an institutionalized individual, the number of months of ineligibility under this subparagraph for an individual shall be equal to—
(I)#
the total, cumulative uncompensated value of all assets transferred by the individual (or individual’s spouse) on or after the look-back date specified in subparagraph (B)(i), divided by
(II)#
the average monthly cost to a private patient of nursing facility services in the State (or, at the option of the State, in the community in which the individual is institutionalized) at the time of application.