Is This Illegal? Immoral? Both???

[MysticCat]

Originally Posted by ktsnake

The word "gave" can take on a lot of meanings when the story is second or third person (or even more degrees removed from reality).

Of course it can, but when it's early and enough caffeine hasn't been consumed, a cigar is just a cigar and "gave" just means "gave."

[PinkandGreenJ]

Medicaid/Medicare laws are changing. There is a lookback provision that looks at the assets you had and transferred within a certain amount of time before you used thos ebenefits for a home. You may be assessed a tax or payments then.

Don't worry, GC isn't the only place where people thought of this and the problem is/has been addressed. This is not to say there aren't ways around the system but there are penalties for assisting with that too.

[lake]

Originally Posted by PinkandGreenJ

Medicaid/Medicare laws are changing. There is a lookback provision that looks at the assets you had and transferred within a certain amount of time before you used thos ebenefits for a home. You may be assessed a tax or payments then.

I've definitely heard of these types of situations (my good friend works in a nursing home). I want to say that the lookback provision in some states goes back at least five years. Large transactions of land, property, money, or whatever, even if they were "gifts" are looked at and your contribution or ability to contribute is based in part upon any of these transactions that may have occurred.