My Atty told me there is a bill waiting to be signed in DC to extend the look back to 10 years!
.. He said it doesn't have much wording to it and really needs to include other issues about existing applicants..
He highly doubts the president will sign it because there's no way they want to offer a $10,000 deduction.....
The bigger issues with 63000 imho is:
- the home equity exemption changed proposal. If it goes to 200K then a huge # of folks will be excluded from Medicaid.
- the asset transfer penalty start date moved from date of transfer to date of Medicaid application. The whole transfer penalty formula is loco to figure out now so I can't even imagine what this is going to do for value of asset issues.
really you have to be pro-active in planning for both your parents & yourself!!