Medicaid Look Back Period
The Medicaid Look Back Period Explained
Dedicated Buffalo medicaid attorneys explain the medicaid look back period, the exceptions, the penalties, and how it all works in the following video.
Clients often ask about the look-back period for Medicaid eligibility. The look-back period is five years. When a person applies for Medicaid, it will be mandatory to provide all of her or his financial and bank records going back five years. For every $10,078 that the person has given away, he or she will be disqualified from Medicaid for one month. This is known as a penalty period.
Are you in the process of dealing with medicaid? Friedman & Ranzenhofer are experienced Buffalo Medicaid Lawyers that can guide you through the process.
Related Medicaid Videos
- Long-Term Care Insurance
- Nursing Home Costs
- Nursing Home Care Requirements
- Emergency Medicaid Planning
- Institutionalized Spouse
- Prepaid Funeral Arrangements
- Qualifying for Medicaid with a 401K or IRA
- Spending Down Assets
- Medicaid Gifting Eligibility
- Gifts to Disabled Children
- Preserving Assets with a Healthcare Proxy/Living Will