How long will the waiting period be if one is imposed?

The length of the waiting period is determined by dividing the amount of your excess assets by the average monthly cost of LTC in your area. For example, if you transferred an asset valued at $200,000, your assets exceed the limit by $198,000. If the average monthly cost of LTC in your area is $10,000, you would divide $198,000 by $10,000 which gives you a waiting period of 19 months (19.8 rounded down). During the waiting period, you will be expected to rely on your own assets to cover your LTC expenses.