Monday, July 20, 2009

Protecting Your Assets From The Cost Of Nursing Home Care Part 2

Medicaid Eligibility

By transferring assets into this trust, you have made yourself and your spouse ineligible for MassHealth for the next five years. It is critical that you not file a MassHealth application until the five-year “lookback period” has passed. If you apply too soon, you may make yourself and your spouse ineligible for MassHealth benefits for a period exceeding five years. Should you or your spouse require nursing home care within the next five years, you should contact our office so we can advise you how best to proceed.

Published by Cohen & Oalican, LLC Elder Law Attorneys in Boston

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