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Gifting

Will Gifts Given Over a Lifetime Preclude a Senior From Receiving Medicaid Benefits?

January 22, 2014 ⏱ 1 min read

Question:  Will the Fact that Dad has given gifts to his children over his lifetime preclude him from receiving Medicaid benefits?

Answer:  The only gifts that matter to Medicaid (currently) are gifts made within 5 years of filing for Medicaid benefits.  There is talk that this will be extended to a 10 year look-back period but this is not the current law.  Small gifts or gifts that are not made in order to qualify for Medicaid are not usually considered a problem during the 5 year look-back period.  A watch or similar item for a birthday or graduation would not present a problem, but an automobile would.

 

Ivan Michael Tucker, Esq.
Law Office of I. Michael Tucker, PLC
Altamonte Springs, Florida

This is for general information. Talk with a doctor about your loved one's care.

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