Rochester Elder Law Attorney Explains the Medicaid Penalty Period
- Assets that are transferred for the purpose of qualifying for Medicaid may result in a penalty period.
- Gifts that are made in the past 5 years may results in a penalty period.
- If you gave away $96,000 over the past 5 years, you will be disqualified from Medicaid for 10 months, which means that you will have to privately pay during that period.