Before qualifying an individual for public assistance for long-term care, Medicaid will look back for five years to see if assets were transferred.

Question

Quizplus · Accepted Answer

Medicaid has a 5-year look-back period to see if the applicant transferred assets in order to qualify for public assistance for long-term care. This is to prevent people from giving away their assets to family members or friends in order to qualify for Medicaid. Medicaid has a 5-year lookback period in which they review an applicant's financial transactions to determine if any assets were transferred or given away in an attempt to qualify for long-term care assistance.

Before Qualifying an Individual for Public Assistance for Long-Term Care