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We signed the POA 5 years ago, but it took a few months into the next year to move all the checking accounts into our name or a new account. Will Medicaid look at those few months and want all the info in the account until it was moved into ours?

I would consult an elder care lawyer. If she has assets these should be used for her care - not hidden or sheltered.
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Reply to anonymous972110
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I agree with Blue. The POA does not have the authority to change banks accts to their name unless the person who assigned the POA authorized it. To do that, that person must have really trusted that person.
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Reply to JoAnn29
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If her name was on any account at any time within the past 5 years, you must provide all account statements. Medicaid will explore the origin of all accounts to learn where the money came from, who received the funds, and who had the ownership and/or control of the accounts.

If Mom had 2 accounts of any type and there were 12 statements per year per account, she will have received a total of 24 bank statements for each year. She will have to submit all statements for her 5 year time frame. (24 x 5 = 120 statements. Keep in mind there can be no missing pages).

Medicaid requires a full accounting of any funds that were definitely hers, whether she held them in just her name, all of your names, or if she gave the monies to you for any purpose. Medicaid is especially interested in examining where her Social Security or retirement pension funds were deposited and/or spent.

Even if you aren't filing for Medicaid now, gather all bank/financial documents now rather than later.
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Reply to Houseplant102
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Um... Having POA does not give you the right to transfer assets into your name, and doing so may actually be problematic. You might get a lot of opinions from this message board, but PLEASE contact a lawyer.
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Reply to bluefinspirit
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Yes, they will look at last 5 years.
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Reply to FloridaDD
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