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Medicaid Gift Penalty: An Overview

People are living longer than previous generations in the US and around the world, so many of us will need long-term care in the future. It’s estimated that seven out of ten Americans will need long-term care during their lives.…

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What is Medicaid?

In the United States, Medicaid provides comprehensive health insurance as well as financial protection for millions of Americans. The program helps low-income families, individuals, and people with disabilities receive adequate health care and provides nursing home or community long-term care…

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Gifting and Penalties with Medicaid

Low-income seniors with limited assets and income are eligible for Medicaid, a state-federal program that makes healthcare more affordable. Many seniors believe their only option to qualify for the program is to “spend down” their assets. While this is true in…

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