Do you need Medicaid and can’t wait for a 5-year lookback to qualify?Then, consider Spousal Refusal, which with the Reverse Rule of Halves, represent 2 options to avoid the 5-year lookback requirements. Spousal Refusal means that assets are transferred from the Medicaid applicant to such applicant’s spouse (the community...
Showing posts with label Medicaid Planning. Show all posts
Showing posts with label Medicaid Planning. Show all posts
Friday, April 10, 2020
10
Apr
Medicaid provides a penalty period for the transfer of assets for less than its fair market value within 5-years of an individual’s application for Medicaid. The penalty is calculated by taking the amount of the transfer and dividing it by the average cost of one month of nursing home care in the region where the applicant...
