Not sure about Medicaid for LTC but I would not think every year you have to show 5 years of bankstatements. Thats for the initial application. Once on Medicaid I would think you only have to show the last bank statement showing the person has stayed under the asset limit. Answer the questions they ask.
My nephew is on Medicaid for heath. Each year we answer the same questions. We prove his income and send statements requested.
My nephew is on Medicaid for heath. Each year we answer the same questions. We prove his income and send statements requested.
So you want to make sure that every month after the initial approval is in compliance.