The Five-Year Look-Back Period

Hosts: Aaron Connor and Frank Hemming

 

One of the most misunderstood aspects of Medicaid is the look-back period for asset transfers, and how that affects eligibility for elderly people in need of long-term care. Medicaid is designed to pay for long-term care once the individual’s funds and assets are spent down.

Many people turn to long-term planning, so they can protect their hard-earned money. Often the goal is to pass on some portion of their savings and assets to loved ones.

Tune in on May 20th to Life Happens Radio, as Medicaid experts Aaron Connor and Frank Hemming explain the process of the five-year look-back. They will also be answering your questions about the complex system of Medicaid.