Medicaid

Questions and Answers

1. Can a gift trust to your children protect you from qualifying for Medicaid consideration?

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2. How long does Medicaid keep their records for patients?

   - How long does Medicaid keep records for patients?
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3. I want to know when to file for Medicaid to avoid penalties for look back rules?

   - When should my grandmother file for Medicaid to avoid look back penalties for recent gifting? She will need to file for Medicaid soon due to spending down her assets. Unfortunately, she has gifted out some money prior to knowing about the look back periods and ineligibility time...
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4. Can a Medicaid lien be placed on joint assets?

   - Find out if Medicaid can render joint assets forfeit, or if Medicaid can place a lien on joint assets.
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5. Are IRAs considered Medicaid assets?

   - Does Medicaid consider an IRA an asset? Medicaid counts IRAs as assets when assessing eligibility, unless you spent them over 60 months before.
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6. Is there a minimum amount for assets that Medicaid 5 year look back exempts?

   - For nursing home coverage, Medicaid may look at how the applicant has spent any amount, or transferred property, over the previous five years.
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7. How do I apply for Medicaid?

   - Medicaid provides broad coverage for medical care. You apply at your state's local Medicaid office, usually a county social services office.
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8. How can I not be eligible for any coverage?

   - I am 86 years old and need financial help and home services. It is claimed I am making too much on my Social Security. How then is it that I don't have health insurance outside of Medicare and I don't have life insurance? I do not have burial insurance...I can't get help from the VA. I am a combat Vet of WW II...
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9. How does a third party trust affect Medicaid eligibility?

   - In 2001 my parents' attorney created a "third party trust". My brother and I became the grantors and successor trustees. Our parents were beneficiaries and trustees. A year ago, our parents resigned as trustees leaving us in control of the trust. They remain beneficiaries but have no legal recourse back to the assets...
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10. FAQ: Can Medicaid Coverage Be Retroactive?

    - Medicaid coverage can be retroactive -- under certain conditions. Find out if and how to apply for retroactive Medicare coverage.
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