Older adults may not transfer assets (other than a house) for less than fair market value for a period of at least ______ prior to applying for Medicaid.

Question

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Older adults must not transfer assets for less than fair market value for at least five years before applying for Medicaid. This is known as the Medicaid Look-Back Period, designed to prevent individuals from reducing their assets simply to qualify for Medicaid.

Older Adults May Not Transfer Assets (Other Than a House)