Many thanks to those that took the time to provide some input and guidance to my previous post.
Could use some further input though.
At this point my mother may be a few years from moving into a long term care facility. Recently I submitted a Medicaid application specific to medical assistance only. Would anyone know if the penalty period is similar to the requirements for long term care in a nursing home? Assuming that is the case and for example, if my mom moved her cash asset ($22,000) and gave it to a family member how would that impact her eligibility? Would she still be subjected to a penalty period if the benefit she is applying for is only medical assistance? Help needed! It's quite a challenging process.....
"In order to receive nursing home or assisted living Medicaid benefits in Florida, the applicant must not have given away (i.e., made "uncompensated transfers") assets within five years of applying for Medicaid benefits."
Source:
https://www.dhclaw.com/blog/calculating-the-florida-medicaid-transfer-penalty.cfm#:~:text=In%20order%20to%20receive%20nursing,%E2%80%9Clook%2Dback%E2%80%9D%20period.
I don't know anything about this website or law firm, but this article seemed to have good info and examples. You should really invest 2 hours to talk to an elder law attorney who specializes in estate planning and knows Medicaid. Everyone's situation has different variables.
General income limits
https://www.medicaidplanningassistance.org/medicaid-eligibility-florida/
Look back period - Medicaid offers a variety of programs and the look-back period does not necessarily apply to all of them. This article is focused on elderly care and Medicaid benefits for long-term care, and these programs consider the Medicaid look-back period. Therefore, if one is applying for nursing home Medicaid or for a Home and Community Based Services (HCBS) Medicaid Waiver, the state’s Medicaid governing agency will look into past asset transfers.
https://www.medicaidplanningassistance.org/medicaid-look-back-period/