Medicaid eligibility

Medicaid eligibility refers to the rules that determine whether a person qualifies for Medicaid coverage, usually based on income, household size, age, disability status, and state-specific requirements. It can also involve limits on assets and special protections or planning options for long-term care coverage.

Medicaid Look-Back Period – The 5-Year Rule That Protects Your Nursing Home Savings

Asset Protection, Elder Law, Estate Planning, Long-Term Care, Medicaid Planning / Jack Gilbert

The Medicaid look-back period is 60 months (5 years) before you apply, during which asset transfers are reviewed. Gifts or below-market transfers can trigger a penalty period delaying nursing home Medicaid coverage. This article explains the 5-year rule, penalties, and planning steps to protect savings. What Is the Medicaid Look-Back Period? If you or a […]

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What is a special needs trust?

A special needs trust is a trust that holds assets for a person with a disability so they can keep means-tested benefits like SSI and Medicaid. It lets funds pay for supplemental needs (e.g., therapies, education, transportation) without being counted as the beneficiary’s resources. This article explains how special needs trusts work, common funding sources,