On October 1, 2020 applicants for Community Medicaid will be subject to a new look-back period of 30 months.
This means that if you apply and are eligible for Community Medicaid on or after October 1, and you made non-exempt asset transfers within 30 months of your application date, you will be subject to a penalty period. The penalty period is the length of time you will be ineligible to receive Community Medicaid to pay for home care, private duty nursing, personal care, or the assisted living program (ALP).
Any non-exempt transfer of $500 or more will raise a red flag. Why take the risk?
The bottom line is this: If you need home care, private duty nursing, personal care, or assisted living now, or you will need it soon, contact us immediately. We can use a variety of legal tools and strategies to preserve your assets and protect your eligibility for Community Medicaid.
To schedule a personal consultation, just call us at (718) 514-2066 or click the button below.
We look forward to speaking with you soon.