738. Rounding of Benefit Rates

738.1 Are benefit rates rounded?

Yes. Benefit rates must be rounded.

738.2 How are benefit rates rounded?

Calculations that are not a multiple of 10 cents are rounded to the next lower multiple of 10 cents. For example, $100.18 is rounded down to $100.10.

The monthly amount payable is rounded to the next lower multiple of $1 if it is not already a multiple of $1. For example, $100.70 is rounded down to $100.

If you are entitled to Medicare, the Part B premium is deducted before rounding the monthly benefit payable to the lower multiple of $1.

Last Revised: Oct. 31, 2003