Will transfer (or gifting) of assets result in denial of benefits?

Will transfer (or gifting) of assets result in denial of benefits?

The transfer of assets between spouses (or, under certain circumstances, to your blind, disabled, minor or caregiver son or daughter) is always valid. However, if you transfer or sell an asset to someone other than your spouse, you must get fair market value for it, or you risk disqualification. Medicaid has a five-year "look back" provision. If you sell or transfer an asset for less than fair market value, the difference between the price and the value could be considered a disqualifying gift. The length of the disqualifcation period depends on the value of the transfer.

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