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JayneG123 Asked January 28, 2024

How far back does medicare look for assets?

BarbBrooklyn Jan 28, 2024
MediCARE does not look back at all.

With MediCAID, the look back period depends upon the state.

AlvaDeer Jan 28, 2024
Depends upon your state.
Most are still five years if you are talking about look=back on expenditures, gifting, etc.

Assets is another thing. If you sold a home say 2 years ago they will want to look at where you put the money from that sale. So in terms of your financial history, just assume five years they will look at everything you did. California is 2 1/2 and they allow you to have as much as--I believe--100,000 and still collect get Medicaid now. I don't know the exact new laws, but imagine they are complex.

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MyNameIsTrouble Jan 28, 2024
Quickly, do you mean MedicAID and not MediCARE? Medicare is medical for the elderly and disabled receiving Social Security as a Federal program whereas Medicaid is for those with low enough income and assets as a State and Federal combined program.

97yroldmom Jan 28, 2024
They have the right to look back 10 years. Five is the common answer but some (state specific) might only look for last couple of years.
If you use a certified elder law attorney they will be able to advise you on recent requests and give you an idea if transgressions are red flags. You could also look on your state website at the online application and see what they ask you to provide.

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