It seems to be tougher and tougher for people to qualify for Medicaid. Illinois has adopted a law called the Deficit Reduction Act, which increases the amount of time that gifts will be taken into consideration from 3 years to 5 years. While this new law does make it more difficult to qualify for Medicaid, we can still get you qualified for benefits through planning.
Hi, I’m Wes Coulson and this is your Elder Law Minute. You know, they seem to be making it tougher and tougher for people to qualify for Medicaid. The government needs to save money these days. And one of the things that has happened in Illinois is that Illinois has finally gotten around to adopting a law called the Deficit Reduction Act. It increases the amount of time that gifts will be taken into consideration from three years to five years, and it makes some other changes in the law. Please don’t be Chicken Little. The sky isn’t falling. This is not the end of the world. Does it make it more difficult to establish eligibility? Sure. Can we still get you there and make a huge difference with planning that’s done correctly? Absolutely. Thanks!