Will I be ineligible for Medicaid If I transferred my assets during the lookback period?

It depends.  Whether ineligibility for benefits applies depends on the amount and date of any gift you’ve made, the identity of the recipient, and the type of Medicaid benefit you’re seeking. Transfers to spouses and disabled children are not subject to a penalty, and additional exceptions may apply if the applicant transferred his or her personal residence. The transfer penalty only relates to nursing home care. The penalty may be shorter than 60 months. There is no transfer penalty for Medicaid home care benefits.

Posted in: Estate Planning and Elder Law