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[quote=Anonymous][quote=Anonymous]If there is any possibility that your parent will try to go on Medicaid in the next 2 years, any payments made to you may come under some additional scrutiny.[/quote] Isn't the Medicaid lookback period 5 years? So if Mom transfers 19K to you and then runs out of money, and has to go into a nursing home, they will look back. If they see a strange 19K transfer 3.5 years ago, and the nursing home is 9.5K per month, they will deny payment for 2 months, to account for the 19K. Now whether you pay back the 19K at this point to cover the first 2 months, or they refuse entry, I'm not sure. But be aware financial gifts can become an issue if the giver doesn't have a lot of assets, and then relies on Medicaid within I believe 5 years.[/quote]
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