Are there restrictions on transferring assets in order to qualify for Medicaid?
Medicaid has strict rules when it comes to transferring property and assets. If an applicants spouse or legal representative of either transfers property within 36 months of applying for Medicaid, the applicant may be ineligible to receive Medicaid benefits for a period of time. The look back period is extended to 60 months for transfers involving thrusts and annuities. The information above is intended to be a quick reference guide to this program and is not intended to be legal advice. Please refer to www.cms.hhs.gov/medicaid/consumer.asp for more information.
