Brenton C. McWilliams
Brenton C. McWilliams, Orange Beach Lawyer Attorney

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Posts tagged Crisis Planning
What are the asset eligibility requirements for Alabama Long Term Care Medicaid?

For a single applicant: $2,000 in countable resources

For a married couple where both spouses are receiving Medicaid benefits: $3,000 in combined countable resources

For a married couple where only one spouse is receiving Medicaid benefits: One half of the couples combined countable resources with a minimum of $25,284 and a maximum of $126,420

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Medicaid Planning: What is the Medicaid lookback period?

When application for medicaid nursing home benefits is made, medicaid requires the applicant to disclose any gifts made during a certain period leading up to the application. In Alabama, that period of time is 60 months (5 years). This 60 month period of time is commonly known as the medicaid lookback period. Any gifts or transfers of assets for less than market value made during the lookback period may result in a transfer penalty.

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