I live in new york and my mom changed the title of her house…

Collen there is a 5 year lookback.They would penalize here for a period of time for the transfer of the home.This penalty is imposed as a time period during which the applicant will be ineligible to receive Medicaid. The penalty period may be determined by taking the value of property or assets transferred and then dividing this by the average cost of a nursing home in your state.

To determine the length of the penalty period, you take the amount of the transfer (let’s say, $100,000) and divide it by what is known as the “regional rate” for your region. Each year, in late December, the New York Medicaid office publishes regional rates for each region of the state for the upcoming year. The publication can be found on the NY State Department of Health website. If you live in New York City, the regional rate for 2017 is $12,157. $100,000 divided by 12,157 is 8.22, so your penalty period would be 8.2 months.

The regional rate is supposed to represent the monthly cost of a nursing home in your region, but in New York City it is not uncommon for nursing homes to cost $15,000 or more per month. So paying privately for 8.2 months at $15,000 per month would cost whoever pays the nursing home $123,000 – $23,000 more than the gift you gave.

Here if she can make another year that would be three years since transfer.They would calculate the penalty based on two years to go here, see examples above.This means she would have to private pay longer, the state does not take the house they deny her benefits for this period.

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