A set timeframe over which the federal government will "look back" to examine spending patterns in determining an applicant's Medicaid eligibility. Any financial transaction during this time period that is perceived as motivated by an attempt to qualify for Medicaid is subject to penalty resulting in ineligibility. The look back period is 5 years prior to the Medicaid application date, with the exception of applicants living in California who are subject to a 2.5 yrs look back period.
Medicaid Lookback Articles
Understanding Medicaid’s Lookback and Penalty Periods
Gifting an asset can cause problems if you later need to apply for Medicaid to cover a nursing home stay. Learn the details of Medicaid lookback and how it impacts the Medicaid penalty period.9 Comments
Can someone explain what the 5-year "look-back" period for Medicaid is?
An elder law attorney answers the question: what is the 5 year look-back period for Medicaid, and how does it relate to a gift?3 Comments
Can Mom gift money to her grand kids so Medicaid won't take it to pay for her nursing home?
This is a difficult dilemma, and one that many families are facing. The dilemma can often be avoided or mitigated with advance planning, but that doesn’t help in your case.25 Comments
Assets You Can Have to Still Qualify for Medicaid
What assets can you have and still qualify for Medicaid? Can your parents keep their house? Their car? Here are asset limits and guidelines for people who are applying for Medicaid and aren't sure what they qualify for.77 Comments
Medicaid Lookback Questions
Impact of Medicaid after paying caregiver off the books. What do we do?10 Comments
I take care of Mom with Alzheimer's 24/7 in her home. Is it possible to be the POA and still set up a paid caregiver's contract?14 Comments
Can a 1099c form from PNC bank affect my mother's application for Medicaid?4 Comments
Are stocks considered income when applying for Medicaid?6 Comments