Qualifying for Medicaid LTC Benefits Could Get Tougher

[Northeast Agent]

Qualifying for Medicaid LTC Benefits Could Get Tougher | ThinkAdvisor

Home equity exemptions could fall, and lookback periods for asset transfers could grow to 20 years.

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Moses said the current Medicaid-based financing system is unfair, encourages high-income people to hide assets to qualify for public benefits, and has created shortages of care and problems with quality.

Moses called for Congress to make Medicaid LTC benefits eligibility rules simpler and more consistent on the state level; reduce people’s ability to keep assets out of Medicaid LTC benefits eligibility calculations; and lengthen the “lookback” period for Medicaid reviews of an older patient’s transfers of assets to loved ones to 20 years, from five years today.