Can I Give Away Money to Qualify for Medicaid?
Unfortunately, it is not that simple. Any gift made in the past five years will be included as part of countable assets.
Gifts create a “Penalty Period” that will render the donor ineligible for Medicaid for a certain period of time depending on the size of the gift.
Gifts create a “Penalty Period” that will render the donor ineligible for Medicaid for a certain period of time depending on the size of the gift.