We are working with a family in Houma, Louisiana trying to get mom on Medicaid and the issue came up as to when to apply for long term care Medicaid benefits. You can really apply at the wrong time and be penalized from being eligible for Medicaid for way more than 5 years. We have this rule that says when someone applies for Medicaid they ask if the person has made any transfers in the previous 5 years. If the answer is yes, then they do this mathematical formula to determine how long that Medicaid applicant is ineligible for Medicaid. Let me give you an example. Mom transfers $400,000 of assets out of her name. It might be her home, it might be her savings accounts or stock. If mom applies for Medicaid within 5 years after making that transfer Medicaid is going to apply a penalty period of $400,000 divided by $4,000 which is a special Medicaid number. That's going to make mom ineligible for Medicaid for 100 months which is more than 8 years. My point is, an ill timed Medicaid application can be a disaster for a family. Sometimes it's better not to apply at all for Medicaid. Just wait the 5 year period after a transfer was made and then the person will be eligible for Medicaid. So realize that the timing of a Medicaid application is critical for many reasons. More than just the reason that I've just explained. If you need some help with this check out the other posts on our blog. Give us a call at 866-491-3884 and perhaps we can help walk you through that process. I'm Paul Rabalais and have a great day!