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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.
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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.
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