On April 3, 2020, Governor Andrew Cuomo signed the approved 2020/2021 budget for New York State which included changes to New York’s Medicaid Eligibility Rules, making it more difficult for New Yorkers to qualify for long-term care Medicaid benefits.
The most significant change to the New York Medicaid Eligibility Rules is the 30-month (2.5 years) look-back period for community Medicaid (at-home care). Under the current rules, you may transfer assets before applying for Community Medicaid, without penalty.
With the new rules, any transfer of assets that occur on or after April 1, 2021 (with some limited exceptions), will be subject to the new look-back period of 2.5 years. Medicaid will also require additional documents for the application process beginning April 1, 2021.
For over 20 years, Kobrick & Moccia have assisted clients to navigate the Medicaid process for both in-home and nursing home care. Our attorneys offer professional advice to quickly and efficiently simplify the complex Medicaid eligibility process, while minimizing the out-of-pocket expenses for our clients.
To learn how the new NY Medicaid Eligibility rules may impact you, your planning, or financial situation, please contact Kobrick & Moccia at (800) 295-1917.