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, especially if you use gifting as a way to spend down assets. 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?
What is the 5 year look-back period for Medicaid, and how does it relate to a gift?3 Comments
Can I hide money from Medicaid, so mom can leave her kids an inheritance?
Hiding assets by not reporting them to Medicaid is illegal and considered fraud against the state. However, there are a number of legal techniques for protecting your parent's assets so that they pass to you.5 Comments
“Spending Down” to Medicaid: One Caregiver’s Personal Journey
For many families, navigating Medicaid eligibility seems complicated and the spend down process is one of the trickiest parts. Use this caregiver’s experiences to inform your own Medicaid planning strategy.85 Comments
Medicaid Lookback Questions
Last year my mother gifted property (which she had purchased for $1.00) to her granddaughter. How would Medicaid calculate the value of this?19 Comments
What happens if you go over Medicaid's 2000 dollar limit? I have to reapply for my Mom and somehow her balance went over 2000 dollars.10 Comments
Any advice or experience in dealing with a pooled trust?1 Comment
Will "helping out" adult kids over the last several years cause issues with Medicaid, probate, etc. in Iowa?2 Comments