In this week’s blog we have discussed some of the basics about the Medicaid five (5) year look-back period, including that in the context of asset preservation this concept should be considered in terms of a five (5) year “look-forward” period. The look-back period concept should not be feared, but rather thoroughly understood and controlled. In other words, the only thing to fear is a lack of knowledge and an unplanned or inadvertent triggering of the look-back period, a situation that could possibly cause an inability to pay for the costs of long-term skilled nursing care at a time of crisis. Triggering the start of the Medicaid five year period is fine, so long as the individual or couple (or their fiduciary) involved understands what they are doing as part of an organized plan.
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