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Get your taxes done using TurboTax
Just to be clear.....the five year lookback is not with Medicare. It is with Medicaid. If you need for your care in a nursing home, etc. to be paid for by Medicaid because you have exhausted your own assets, they have a five year lookback to any money you have given away. It seems you have a significant amount of money at stake here. You should seek advice from an elder law attorney to help you understand the way all of these things work.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
March 13, 2023
9:35 PM
2,256 Views