Many people are aware of the five year "look back" period for Medicaid eligibility. During this time, an elderly applicant in need of long term care could be penalized for giving their loved ones money or assets - even as a gift. To make matters even more complicated, Medicaid has their own lengthy list of what they consider to be gifting. It could be something as simple as adding an adult child's name to a bank account to help manage finances.
Learn how to avoid accidental gifts that could impact Medicaid eligibility or cause a hefty penalty payment on this #WebinarWednesday replay with Attorney Bob Mannor. If you or a loved one could soon be facing long term care, you won't want to miss this informative presentation.
If you are a Michigan resident who is concerned about avoiding Accidental Gifts for Medicaid Eligibility, don’t try to take this on alone. Our team is here to help. Call (800)990-6030 or contact us here to begin the conversation.