Article on Medicaid
Q: I have just read your article. The material covered is wonderful. Does
this material apply to all states. I live in Virginia and didn't know
if the current legislation was for any gifts made in three years or five
years. Your article indicates five years. Many thanks for answering my
question.
A: As far as I know, the Medicaid 'look-back' period is determined by
federal law, not state.
It was changed from 3 to 5 years in 2006.
Your posted comments on this and other questions are welcome.
If you have a question for Jeff an answer is just a click away.
Find a wealth of information at Jeff's website.
posted by Jeffrey D. Voudrie @ 8:27 PM
2 comments
2 Comments:
Thanks for getting back to me. What if children purchased their parent's home, would there still be the "look-back" period for the parents of five years?
No, but the parents would still have the money and it's considered an asset.
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