| Applicant, Institutionalized Spouse: |
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Spreadsheet last
revised 7/15/09 |
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| Client
Identification Number: |
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Use at your own risk!!!!!!!!!!!!!!!!!!!! |
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| Community Spouse: |
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NOTE:
You can "format" these rows as "hide" when
printing |
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Instructions:
Input ACTUAL figures into blue cells, the rest computes itself |
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REMEMBER TO UPDATE FIGURES IN RED! |
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CELLS CONTAINING FORMULAE ARE LOCKED if using Excel - not web |
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YOU CAN EDIT THE REST |
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| DIVERSION OF
INCOME TO COMMUNITY SPOUSE /
ENHANCEMENT OF CSPA AFTER HEARING |
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Step #1:
Compute MMNA; Compute CSA (diversion of institutionalized spouse's
income to community spouse) |
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Monthly expense: |
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$ |
0.00 |
RENT / MORTGAGE / CONDO FEES |
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+ |
0.00 |
PROPERTY TAXES |
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+ |
0.00 |
HOUSE INSURANCE |
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+ |
720.00 |
UTILITY STANDARD eff.
10/1/08 |
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= |
720.00 |
TOTAL SHELTER COSTS |
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546.00 |
30% OF 150% OF POVERTY LEVEL FOR 2 (shelter
allowance) eff 7/1/09 |
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= |
174.00 |
EXCESS SHELTER COSTS TO BE ADDED TO MINIMUM
MMNA |
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+ |
1,821.25 |
BASE MMNA:
150% OF POVERTY LEVEL FOR 2 eff. 7/1/09 - it cannot be less than this |
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= |
1,995.25 |
MMNA -
MAXIMUM eff. 1/1/2009: |
$
2,739.00 |
so it won't exceed this amount |
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| minimum and maximum |
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750.00 |
COMMUNITY
SPOUSE TOTAL INCOME |
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$ |
1,245.25 |
DEFICIT in COMMUNITY SPOUSE INCOME - MAKEUP
REQUIRED |
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431.00 |
INCOME OF INSTITUTIONALIZED SPOUSE DIVERTED TO SPOUSE AS
"CSA" |
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$ |
814.25 |
MMNA
DEFICIT - -MIGHT BE MADE UP FROM ENHANCEMENT OF CSPA AS SHOWN BELOW |
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But only after Fair Hearing! |
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| *************************************************************************************************************** |
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| COMMUNITY SPOUSE INCOME |
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INSTITUTIONALIZED SPOUSE INCOME |
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| GROSS* SSA |
$ |
500.00 |
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GROSS* SSA |
$ |
500.00 |
*You must add back |
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0 |
the
Medicare premiums |
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| GROSS** PENSION |
+ |
- |
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GROSS** PENSION |
+ |
0.00 |
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0 |
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** REMEMBER |
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| OTHER (EARNINGS, ETC) |
+ |
- |
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OTHER: |
+ |
0.00 |
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to add
back payroll or |
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0 |
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pension
deductions |
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| INCOME FROM ASSETS* |
+ |
250.00 |
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0 |
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| TOTAL: |
$ |
750.00 |
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TOTAL: |
$ |
500.00 |
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0 |
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- |
69.00 |
PNA eff. 7/1/2009
(nursing home) |
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| Assets on snapshot date |
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$ |
200,000.00 |
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( OR
$1805 for home care program eff 7/1/09) |
| Initial CSPA
(1/2 @ snapshot date… but: |
100,000.00 |
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431.00 |
Community Spouse Allowance (if actually paid) |
| eff 1/1/2009 may not exceed: |
$109,560 |
or minimum: |
$
21,912.00 |
) |
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96.40 |
Medicare premiums, supplemental insurance |
| * Actual
interest rate earned on initial CSPA: |
3.00% |
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| If more than one asset, compute using separate sheet. |
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$ |
0.00 |
=
APPLIED INCOME -- due each month for which |
| income/mo @
actual rates* |
$ |
250.00 |
/ mo. |
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eligibility is being sought. |
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Step #2:
How much could you enhance the CSPA at a
Fair Hearing, to meet the MMNA of Community Spouse? |
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| If there is a
deficit in the MMNA even after CSA diverted to
Community Spouse: compute additional
assets to be retained using GREATER |
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| of actual rate
of return or rate computed by average 3 highest
rates of CT banks on www.bankrate.com as of date of Fair Hearing |
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| Keep in mind
that a Fair Hearing may take 1-2+ months to
schedule and a decision might take another 2+ months - use with caution |
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| 1.50% |
LOCAL bankrate.com for Bank A, city, CT, date of hearing |
Thus: |
325,700.00 |
assets needed to produce monthly |
| 1.50% |
LOCAL bankrate.com for Bank B, city, CT, date of hearing |
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814.25 |
income for spouse |
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| 1.50% |
LOCAL bankrate.com for Bank C, city, CT, date of hearing |
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| 1.50% |
(average of top 3 rates OR actual rate if
higher) |
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Thus, enhanced CSPA if enhancement required: |
| 3.00% |
=
highest rate: higher of actual or
bankrate average |
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| *LOCAL bank per
case of Griswold v. Commissioner |
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Original CSPA = |
$ |
100,000.00 |
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http://www.sharinglaw.net/elder/Griswold.pdf |
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Plus additional assets = |
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325,700.00 |
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Enhanced CSPA = |
$ |
425,700.00 |
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