The 2011 New York Medicaid regional rates used to determine a transfer of assets penalty period are:

Region	Monthly Regional Rate
Central New York	$7,688
Long Island, NY	$11,445
New York City	$10,679
Northeastern New York	$8,323
Northern Metropolitan NY	$10,105
Rochester, NY	$8,942
Western New York	$7,863

These rates are based on average nursing home costs in each of the seven regions in New York State. A period of ineligibility (“penalty period”) is imposed for any transfers of assets for less than fair market value (gifts) for the past five years.

A period of ineligibility for Medicaid institutional services will result from these transfers. Medicaid will calculate the period of ineligibility by the following statutory formula: the dollar value of the transfer divided by the average monthly cost for one month of nursing home care equals the number of months of ineligibility for Medicaid nursing home institutional services.

For further information, see the free 2018 New York Medicaid Guide.

If you have questions about Estate Planning Issues and other legal matters that will impact your family as you grow older, contact Rochester New York Estate Attorney Bob Friedman at (585) 484-7432.