transfers

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ebhubb

Posted 11/8/2008 10:59:36 AM

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We transfered money from joint account of myself and father in November of 2005. Until Feb. 8 of 2006 the lookback period was 3 years from date of transfer. This new law extends the lookback period to 5 years. I think it is called DRA. Since the transfer was before Feb 8, 2006 I'm wondering if medicaid will even look at the transfer if we put him in nursing home after Dec. 1 of 2008. We live in Ohio.

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Joe Whitehouse

Posted 11/9/2008 10:38:49 AM

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You are correct in that the DRA 2005 changed the lookback period to 5 years for transfers made on or after 2/8/06. Transfers prior to that date (except for some trust agreements) are still subject to the old 3 year lookback. In 12/08 I believe you will be safe with regard to the 2005 transfer you mentioned.

Joe Whitehouse, Louisville, KY.

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