See our most recent post about important changes to Medicaid rules regarding eligibility for home care services.
The implementation of the thirty (30) month look-back period for Medicaid home care eligibility was originally scheduled to be effective as of October 1, 2020. Reportedly, it has just been postponed to January 1, 2021. It is somewhat unclear, but the thirty (30) month look-back may still be applied to transfers made on or after October 1, 2020, even though the implementation date was changed to January 1, 2021. Needless to say, the situation remains fluid, if not confused, but one thing is clear (at the moment). The State needs to raise revenue and is intent on this change being made. This is subject to confirmation, so stay tuned.
The new “take away” from this? Again, even if you have more time to plan, you should consult an attorney with experience in estate planning and elder care planning for advice now.