{"id":25424,"date":"2018-03-21T20:14:19","date_gmt":"2018-03-21T20:14:19","guid":{"rendered":"http:\/\/themediabeast.com\/resources\/?p=25424"},"modified":"2018-03-21T20:15:30","modified_gmt":"2018-03-21T20:15:30","slug":"gifts-can-affect-medicaid-eligibility-mortellaro-1","status":"publish","type":"post","link":"https:\/\/themediabeast.com\/resources\/gifts-can-affect-medicaid-eligibility-mortellaro-1\/","title":{"rendered":"How Gifts Can Affect Medicaid Eligibility (Mortellaro -1)"},"content":{"rendered":"<p><strong>How Gifts Can Affect Medicaid Eligibility<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>While generosity goes a long way, it can sometimes hurt you in the long term if you might apply for Medicaid one day. It\u2019s an important topic in elder law to understand what you can and can\u2019t do, and how it could potentially hurt your chances for Medicaid eligibility.<\/p>\n<p>&nbsp;<\/p>\n<p>While federal law allows you to gift up to $14,000 before having to pay a gift tax, Medicaid will still count that gift as a transfer of assets. This includes gifts to charities, graduations, weddings or other major gift-giving situations.<\/p>\n<p>&nbsp;<\/p>\n<p>Under federal law, if you transfer assets within the five years, or 60 months, before applying for Medicaid, it can hurt your eligibility. This is also called a transfer penalty. It\u2019s important to understand during the estate planning that any amount of transfer can be examined for legitimacy, and further potentially hurt your chances of qualifying. Even spending a large amount of cash at one time can cause the IRS to inquire about where that cash is being spend on.<\/p>\n<p>&nbsp;<\/p>\n<p>However, there are some transfers for gifts that will be excluded from the Medicaid penalty. Those include a transfer of assets to your spouse, child who is blind or permanently disabled, or a trust for the sole benefit of anyone over the age of 65. There are certain exemptions for transferring your home to an individual as well, so check with a skilled elder law attorney for specifications. If you do receive an eligibility penalty, the length of time can be 10 months or longer.<\/p>\n<p>&nbsp;<\/p>\n<p>If you\u2019re in the process of estate planning and need assistance figuring out what qualifies as a gift and what could potentially penalize you, contact the law offices of Mortarello Law. As skilled experts in elder law, we are skilled in navigating the complicated Medicaid laws and rules.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How Gifts Can Affect Medicaid Eligibility &nbsp; While generosity goes a long way, it can sometimes hurt you in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","footnotes":""},"categories":[858,1050,1874],"tags":[],"class_list":["post-25424","post","type-post","status-publish","format-standard","hentry","category-estate-planning","category-elder-law","category-estate-planning-attorney"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.8 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How Gifts Can Affect Medicaid Eligibility (Mortellaro -1) - MMG Resources<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/themediabeast.com\/resources\/gifts-can-affect-medicaid-eligibility-mortellaro-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Gifts Can Affect Medicaid Eligibility (Mortellaro -1)\" \/>\n<meta property=\"og:description\" content=\"How Gifts Can Affect Medicaid Eligibility &nbsp; While generosity goes a long way, it can sometimes hurt you in the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/themediabeast.com\/resources\/gifts-can-affect-medicaid-eligibility-mortellaro-1\/\" \/>\n<meta property=\"og:site_name\" content=\"MMG Resources\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-21T20:14:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-03-21T20:15:30+00:00\" \/>\n<meta name=\"author\" content=\"MediaBeast\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"MediaBeast\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/gifts-can-affect-medicaid-eligibility-mortellaro-1\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/gifts-can-affect-medicaid-eligibility-mortellaro-1\\\/\"},\"author\":{\"name\":\"MediaBeast\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/#\\\/schema\\\/person\\\/f1e4fbc14f15dffe99af02d0efb60287\"},\"headline\":\"How Gifts Can Affect Medicaid Eligibility (Mortellaro -1)\",\"datePublished\":\"2018-03-21T20:14:19+00:00\",\"dateModified\":\"2018-03-21T20:15:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/gifts-can-affect-medicaid-eligibility-mortellaro-1\\\/\"},\"wordCount\":321,\"articleSection\":[\"Estate Planning\",\"Elder Law\",\"estate planning attorney\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/gifts-can-affect-medicaid-eligibility-mortellaro-1\\\/\",\"url\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/gifts-can-affect-medicaid-eligibility-mortellaro-1\\\/\",\"name\":\"How Gifts Can Affect Medicaid Eligibility (Mortellaro -1) - 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