What is the 5-Year Look Back?
So many times I have heard “in order to qualify for Medicaid I have to give away all my property and wait 5 years.” The 5-year look back requires a disclosure of any transfers of property within the five years prior to the filing of a Medicaid Application. Some of these transfers may be for fair consideration, exempt transfers, or transfers that a penalty will be imposed.
Under the rules of Medicaid, there are ways to minimize these transfer penalties and become qualified for Medicaid benefits much sooner than the 5 years most people think. For more information on Medicaid qualification please visit our web site www.TexasElderLawAttorney.com and get the booklet.
The Consumers Guide to Medicaid, it is free. You can also give us a call at 1-800-939-9093. We offer a 30-minute phone consultation to gather information from you to see if we can help. We have offices in Plano, Denton, and Whitesboro. Call us today and see if we can help you regain your peace of mind.