In this Elder Law Minute, Wes Coulson talks about the Medicaid look back period. Despite many misconceptions, you can do effective planning for Medicaid while someone is in the nursing home.
Hi, I’m Wes Coulson, and this is your Elder Law Minute. A lot of people are fooled by the look back period for Medicaid. They see the law that says that there’s a five year look back period, and they believe that means that there’s no opportunity to do planning unless it’s done five years in advance of someone entering the nursing home. That’s not the case.
We can effectively do planning even with the look back period, even if someone is already in a nursing home. Without getting over-technical here, here’s the bottom line answer: If you’re paying for long-term care, you’re exhausting your life savings, and you really need to do something to stop that. It’s never too late to take some action with the help of a good elder law attorney toward protecting as much of your life savings as possible. Thanks!