LOOK BACK PERIODS
The Medicaid Asset Protection Trust is subject to a look back period of five (5) years.
This means if you transfer assets into this Trust and require nursing home care after five
years have passed your assets are fully protected. Even though there is a five year wait,
it pays to get started now since you will get credit for the time you accumulate if you do
not make the full five years.
The 5 year look back period only applies to nursing home care and does not apply to Medicaid
services for home health care. This means a transfer now will let you qualify for Medicaid
home care services without waiting.
Furthermore there is no look back period between a husband and wife or to a minor (under 21)
or a blind or disabled child or a child that has resided in the home two years and provided care
as to keep the person from becoming institutionalized.
The Medicaid Asset Protection Trust is very flexible. You have the right to sell your home
and use the money from its sale to buy another home or condominium and continue to
enjoy the protection of the trust.