5 yr look back for medicaid
If my mother has a joint checking/savings account with me can that be considered hers or mine or split for the ''look back'' period with medicaid?
Thank you
Asked on 9/19/06, 2:21 pm
1 Answer from Attorneys
Richard Abraham
Abraham & Bauer, LLC
Re: 5 yr look back for medicaid
The simple act of adding an owner does not preserve a bank account for Medicaid purposes and it remains avaialble in its entirety.
The act of adding a owner may also create a penalty as it may be deemed a transfer.
Accounts that were co-owned before the onset of illness, are also still available.
Answered on 9/19/06, 2:59 pm
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