December 15, 2016
As 2016 comes to a close, Medicaid has announced new rules that will impact planning and eligibility for the coming year. While there is no word yet if Medicaid will increase the resource and income limits for applicants, effective January 1, 2017 the regional nursing home rates for New York City and Long Island will increase. These regional rates play an important role for those applicants who have made gifts or transfers in the five years immediately preceding their nursing home Medicaid application.
Gifting of non-exempt assets prior to the application for Medicaid can result in a period of ineligibility. In 2017, the total value of all non-exempt gifts will be divided by $12,811 in Nassau and Suffolk counties and $12,157 in New York City to determine the length of the period in which the applicant will be ineligible for Medicaid benefits. The resulting number represents the number of months the penalty period will run; the applicant must privately pay for nursing home care during this time period.
Medicaid rules are complicated and we deal with them on a daily basis. Please do not hesitate to give our office a call if you think that we can help you or a loved one.