Medicaid Planning
Learn about Medicaid planning strategies to protect assets while qualifying for long-term care coverage. Discover timing rules, asset protection methods, and...
How far back does Medicaid look at financial transactions when I apply?
Medicaid reviews your financial records for the five years before your application date, known as the "look-back period." During this review, they examine all asset transfers, gifts, and financial transactions to determine if you moved money or property to qualify for benefits. Any transfers made for less than fair market value during this period can result in a penalty period where you're temporarily ineligible for Medicaid coverage. This is why advance planning is crucial for protecting assets while maintaining eligibility.
