Share of Cost
Share of Cost is the amount of money, if any, that the applicant pays for their care to either the program contractor of the facility for the services they receive under the ALTCS program.
How is Share of Cost Calculated?
You take your Gross Countable Income
Subtract your personal needs allowance
Subtract a spousal allowance (if applicable)
Subtract your “TPL(Third Party Liability” (Other health insurance for the applicant)
Equals Share of Cost