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Daily Archives: January 10, 2022

Four Stack Gifts Boxes And A Label That Says, "Just For You". Cure Medicaid Penalty Period by Returning a Gift

Cure Medicaid Penalty Period by Returning a Gift

ArticlesBy L. Joseph HudackJanuary 10, 2022

Medicaid Penalty Period Anyone who gifted assets within five years of applying for Medicaid may be subject to a penalty period, but that penalty can be reduced or eliminated if the assets are returned. In order to be eligible for Medicaid, you cannot have recently transferred assets. Congress does not want you to move into…

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