By Cathleen Summers When you apply for Medicaid (known as MassHealth in Massachusetts) to pay for nursing home costs for a parent or spouse, the state will look back to see if your loved one gave away any assets in the past five years. If no assets have been transferred, and the person otherwise qualifies […]
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What is the five year Medicaid look back rule?
Posted on 01 August 2012.
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Understanding the five year Medicaid look-back
Posted on 26 October 2011.
By Cathleen Summers After acquiring a lifetime of assets, many seniors wish to transfer these assets to loved ones. Before doing so, it is well worth the time and effort to understand the basics of Medicaid (also called MassHealth here in Massachusetts) and the five-year look-back rule, which can be especially confusing. MassHealth is a […]
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The Medicaid five-year look back: The gift that keeps giving
Posted on 27 September 2010.
Medicaid will analyze any such gifts or transfers to determine if they are “disqualifying transfers.” If a gift is considered a disqualifying transfer, then Medicaid will assess a “penalty period” based on the value of the gift, which is a period of time during which you will not able to receive Medicaid.
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