The Medicaid application process should be a neutral administrative process, but unfortunately, with the Illinois Office of the Inspector General (OIG) it is not. Likening the process to the Spanish Inquisition may seem severe, however with a person’s long-term care future at stake, this caution is fundamental. The five-year look back is a process that should […]
What is a Transfer of Assets?
With the Medicaid look-back rule in mind, one thing to pay attention to is any transfer of assets you may have done within the last five-year period. But, what exactly is a transfer of assets? In this Elder Law Minute video, part of the Medicaid Application Process series, Wes Coulson, Illinois and Missouri Elder Law attorney, […]
What if the VA enacts a Look-Back Rule and Transfer Penalty?
Perhaps you’ve heard that the VA has proposed rules that would impose a three-year look-back period on transfers, similar to what Medicaid has, that could delay eligibility for VA pension benefits. These benefits could be used to help pay for long-term care, so, what would happen if the VA enacts those rules? In this Elder […]
Medicaid Transfer Penalties and the Look-Back Rule
In this Elder Law Minute, Wes Coulson lets us in on a dirty little secret about how Medicaid Transfer Penalties work relative to the Look-Back rule. Medicaid Transfer Penalties and the Look-Back Rule Transcript: Hi, I’m Wes Coulson and this is your Elder Law Minute. I’m going to let you in today on a dirty little […]
Will the VA approve a Look-Back Rule?
Continuing with our Veterans Pension Series, Wes Coulson discusses the possibility of the VA approving a similar Look-Back Rule that Medicaid has and what that may mean for you. Will the VA approve a Look-Back Rule? Transcript: Hello, I’m Wes Coulson with your Elder Law Minute. I want to continue our series of discussions about […]