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re: Elder Care/Medicaid question
Posted on 3/6/24 at 4:41 pm to Jim Rockford
Posted on 3/6/24 at 4:41 pm to Jim Rockford
Something like a personal services contract doesn't interfere with the look back period. It's a FMV exchange of services for money based on the Medicaid applicants life expectancy. Here in FL we can draft them with a kid or local family member as the caregiver and protect 100 to 150k pretty easily.
1
Posted on 3/6/24 at 4:48 pm to TheOcean
What I'm asking about is being penalized several months for gifts given during the look back period. There weren't any 10k but there have been a lot in the hundreds and a few over a thousand. How closely do they analyze financial transactions?
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