While verifying bank account balances during a redetermination, a CS discovers several
months over the period of review in which the recipient’s account balances were higher
than usual. Because the balances in many of these months caused an excess resources
determination, the CS screens for early deposit months using the chart in SM 01315.005.
The early deposit months during the period of review were: 06/2019, 09/2019, 12/2019,
01/2020, 02/2020, and 03/2020.
In reviewing the SSR, the CS finds that the recipient received the full benefit rate
in every month during the period of review.
The CS applies early deposit exclusions as follows:
Checking Account Balances
Date
|
Bank Account Balance
|
Total Resource Balance
|
Amount of SSI Deposit
|
Exclusion Applied
|
New Total Resource Balance
|
05/01/2019
|
$1,255.76
|
$1,255.76
|
$771.00
|
|
$1,255.76
|
06/01/2019
|
$2,035.30
|
$2,035.30
|
$771.00
|
$771.00
|
$1,264.30
|
07/01/2019
|
$1,280.54
|
$1,280.54
|
$771.00
|
|
$1,280.54
|
08/01/2019
|
$1,300.01
|
$1,300.01
|
$771.00
|
|
$1,300.01
|
09/01/2019
|
$1,961.86
|
$1,961.86
|
$771.00
|
$0*
|
$1,961.86
|
10/01/2019
|
$1,350.29
|
$1,350.29
|
$771.00
|
|
$1,350.29
|
11/01/2019
|
$1,402.50
|
$1,402.50
|
$771.00
|
|
$1,402.50
|
12/01/2019
|
$2,221.72
|
$2,221.72
|
$771.00
|
$771.00
|
$1,450.72
|
01/01/2020
|
$2,059.10 |
$2,059.10
|
$783.00
|
$783.00
|
$1,276.10
|
02/01/2020
|
$2,087.11
|
$2,087.11
|
$783.00
|
$783.00
|
$1,304.11
|
03/01/2020
|
$1,993.69
|
$1,993.69
|
$783.00
|
$0*
|
$1,993.69
|
04/01/2020
|
$1,308.83
|
$1,308.83
|
$783.00
|
|
$1,308.83
|
*Even though early deposit occurred in 9/2019 and 3/2020, the total resource value
was under the $2,000 resource limit. In these months, applying the early deposit exclusion
is not necessary. We only develop the exclusion when the early deposit amount affects
eligibility. You do not need to record an amount in the "Excluded Amount" field on
the Financial Institution Account page for these months.