How Much Can You Make To Apply For Medicaid

if i give any of my assets away, do i haveto wait five years to apply for medicaid? not at all charlie, the length of time thatyou have to wait before receiving the assistance of medicaid is really predicated upon theamount of assets that you may have transferred for less than the fair market value, not theexistence of said transfers. a common misconception is if i have given away anything to my familythey’re gonna make me wait five years, and

How Much Can You Make To Apply For Medicaid, unfortunately that cost people a significantamount of money while they’re waiting for that five years. if you’ve made fairly smallgifts or transfers, you’re not going to wait anywhere close to five years, becauseyou’re going to get what’s considered a penalty period, and that could be very short.what at it’s core, that five-year rule is,

is called a “look-back rule.” it is theright of the state medicaid agency to see five years worth of your record and informationto determine what you may have given away or transferred for less than fair market value,but in no way it does relate to how long you will not get assistance, because at it’svery core, it is just about gathering information by the state.