How long before applying for Medi-Cal can a person transfer assets?

Thursday, Nov. 12th 2020 5:37 AM

The Medi-Cal “Look-Back” period in California is 30 months. “Transfer” means an outright gift or a “sale” made at less than “fair market value.” If a disqualifying transfer of property is made, Medi-Cal will calculate the period of ineligibility for nursing facility level of care. It will be the number of months resulting when the “net fair market value” of the transferred asset, which would have resulted in excess property at the time of the transfer, is divided by the monthly average private nursing facility cost. In
2002, the average cost used to calculate the period length is $4,322 per month. In 2001, this amount was $4,163.

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Posted on Thursday, Nov. 12th 2020 5:37 AM | by Share of Cost | in Medi-Cal, Share of Cost | No Comments »

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