Medicaid provides coverage for an individual’s long-term care costs, including institutional care in a facility. In order to qualify for Medicaid, an individual must be poor. Medicaid has stringent rules relating to financial eligibility, including the five year look-back rule. …
Tag: five year look-back
Medicaid Laws for Gifting Assets
Medicaid provides coverage for an individual’s long-term care costs, including institutional care in a facility. An individual must be poor in order to qualify for Medicaid. Medicaid has stringent rules relating to financial eligibility, including the five year look-back rule. …
Time Extension to Provide Documents for Medicaid
Many Medicaid applications in New Jersey are denied by the County Board of Social Services for failure to produce documents. It is often difficult to obtain voluminous financial records covering the five year look-back period. Based upon recent revisions that…
Change in Law Concerning Medicaid Penalty
When gifts are provided within the Medicaid five year look-back period, the County Board of Social Services will impose a period of ineligibility for assistance. This is known as the Medicaid penalty period. The duration of the penalty period is…
Medicaid Changes Penalty for Gifts
If a person provides gifts within five years of a Medicaid application then he or she will be denied Medicaid assistance for a period of time known as the penalty period. The penalty period is calculated by taking the value…
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