In February 2008, the Louisiana Medicaid Manual was changed. Many of the changes were made retroactive back to February, 2006.
If you or a loved one made a transfer of assets after February, 2006, hoping to qualify for Louisiana long term care Medicaid in three years or less, you'd better understand the newly issued rules.
For transfers prior to February 8, 2006, the penalty period started when the transfer was made. For transfers after February 8, 2006, the penalty period starts when the Medicaid Applicant is in the nursing home, has less than $2,000 in countable resources, and would otherwise qualify for Medicaid except for the transfer of resources. However, even though post 2/8/06 transfers fall under the new rules, the new rules were not issued to the public until February, 2008.
Bottom line - the Medicaid Eligibility Rules in Louisiana are more complicated and restrictive than ever before. If you want to know how they affect you or a loved one, post a comment or drop me an e-mail at paul@rabalaislaw.com. Don't take any action until you fully undersand the rules. My second piece of advice - don't procrastinate. Every month you procrastinate could cost you in excess of $5,000.
