Court reiterates the strict standards for “caregiver child” house transfer exception to Medicaid penalty
When a person applies for Medicaid to pay for nursing home care (or assisted living or in-home care), they have to be mindful of whether transfers of assets will result in a denial of benefits. This denial is called the “transfer penalty,” and the 5-year Look-Back rules capture most transfers that occurred within the 5 years preceding the application. There are a handful of...