Medicaid transfer rules
If an elder parent has transferred ownership of a house that would
incur a 10-month Medicaid penalty and two months later
transferred savings that would incur a 25-month penalty, do the
penalties run concurrently? Will the father be eligible for Medicaid
in 25 months, or will it be 35 months?
Asked on 9/09/04, 12:21 am
1 Answer from Attorneys
Christopher Ballar
Christopher A. Ballar PC
Re: Medicaid transfer rules
You stack the penalty peroids for a grand total of 35 months. Be sure to check the new estate recovery laws (enacted on 8-5-04)for how the transfers will be viewed and remember to file a gift tax return.
Answered on 9/09/04, 10:32 am
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