Medicaid’s Five Year Lookback Period is probably one of the most misunderstood concepts in long term care planning. The simple definition is that the Medicaid office will look back five years from the date of the Medicaid application being submitted to check for gifts and transfers, and if there are any, a penalty period will be assessed.
There are many different specific rules, exceptions to rules, and different exemptions. However, one thing is clear: If you don’t know the rules and particulars, then it is very easy to make a costly mistake.
Learn More About: “Does Medicaid Care About $15K Gifts?”
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I love these movies, and if you do too, then go buy them!
* The Princess Bride
* A Christmas Carol
* Fever Pitch
* The Saint
* The Crossing
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