THE TRUTH ABOUT MEDICAID

Community Medicaid eligibility is changing!

In October 2020 a new look-back period was passed forcing applicants to surrender two and one-half (2.5) years of financial statements. However, due to the pandemic Medicaid was unable to enforce this new regulation and kept extending the starting date.

The last extension was from October 1, 2022 to January 1, 2023; however, the earliest date that the state will seek implementation is March 31, 2024.

What does it mean to new applicants once the new regulation goes into effect? If there were

“Protect any transfers during the two and one-half (2.5) years prior to fi lling, applicants will be disqualified for a period of time depending on the amount transferred. Disqualifi cations cannot be more than two and one-half years.

Presently, applicants can transfer any amount of money one month and become fi nancially eligible for Community Medicaid the following month. This window of opportunity is slowly closing in. Potential applicants should keep in mind that the only way to avoid this issue is to apply before the rule is enforced.