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Hi and welcome to JA. I am Ray and will be the expert helping you today.
No she cannot gift the money here.There is strict rules against gifting and she will be penalized for such gifts.She can do spend down here, the money can be used to pay for her care or prepaid funeral or other medical expenses.But again MediCal does not allow gifts.
Reference see look back period here..
Unfortunately a gift here under the look back rules will cause her to incur a penalty.Again you can use it t prepay a funeral or for her medical bills, or private pay for a month or two here.
I appreciate the chance to help you today.Please let me know if you have more follow up.;Thanks again.
Here under MediCal she has to be under $k at 12:01 am on the first day of each month to be eligible..
The following property is generally exempt and therefore not counted in determining Long Term Care Medi-Cal eligibility:
Good luck with your mom here, I know it can all be kind of overwhelming.Thanks again.
There is a formula here..
So if hse did made a gift during the look back period, a formula is used to determine the number of months that the applicant will be ineligible to receive Medicaid benefits. That is called the penalty period. For example, assume that Jane transfers a $100,000 bank account to her daughter two months prior to applying for Medicaid. Since that gift was within the look back period a penalty would be applied. Basically it is the value of the gift divided by a number which in California this year is $7092. So the penalty period in this example would be approximately 14 months ($100,000/7092=14.1). The look back period requirement under DRA is 5 years.
MediCal would calculate the period here it can be six months to a year in that range.You really want to avoid this because she would be ineligible for this period. Spend down here on her medical care or her funeral or any other bills she has.
Here is reference..
Good luck here with your mom.
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