Estate Planning

New Medicaid Rules to Start November 1, 2007

By Gregory Herman-Giddens

I previously blogged about the changes in the federal Medicaid laws that took place last year.  The implementation in North Carolina has been delayed several times, but the rules are expected to be effective November 1, 2007.

In brief, the lookback period for disqualifying gifts will increase from 3 years to 5 years, and the penalty period for gifts within the 5 years will start on the date the Medicaid applicant would otherwise become eligible for Medicaid, instead of the date of the gift.

Full post as published by North Carolina Estate Planning Blog on October 23, 2007 (boomark / email).