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Are Gifts Under $12,000 Excluded from the Medicaid Transfer Penalty?

April 26, 2017excluded gifts medicaid penalty transfer

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Are Gifts Under $12,000 Excluded from the Medicaid Transfer Penalty?

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A gift of under $12,000 is subject to the Medicaid transfer penalty rules for nursing home care and the Long Term Home Health Care program even though the gift is excluded for federal gift tax purposes.