Update: Medicaid Deadline is approaching. Don't lose out.
There is an important deadline coming up for New Yorkers: JANUARY 1st, 2022
On January 1st, the commencement of lookback deadlines for Community Medicaid begins. Putting in your application well in advance of the deadline, and having it done by an experienced Medicaid Planning attorney is your key to approval and not paying out-of-pocket for these services. Essentially, free home care services!
When the 'no lookback' rules end January 1st, your assets will be left exposed and make the Community Medicaid process more complicated and costly.
2 1/2 year lookback
Right now there is no lookback. Under the new regulation a lookback on transfers of assets for applications for community-based services goes back 2 1/2 years. Medicaid will refuse to cover the cost of care and also assess a penalty period based on the value of transfers made out of the applicant’s or their spouse’s name during that 30-month period.
Which services does the lookback apply to? Currently, New York law specifies home health care services, private duty nursing services, personal care services, and some assisted living program services.
Resolving this issue in advance of the deadline is imperative if you are planning for your future needs. Email me for more information at info@RaphanLaw.com
-Brian A. Raphan, Esq.