President | Founder, CLM Insurance Group, Delray Beach, FL
The Medicare look-back rule of thumb is 3-5 years. This specifically refers to giving away assets for the purpose of protecting them. Make sure you and your accountant are aware of the Deficit Reduction Act (DRA) of 2006 and that you are in compliance. Otherwise, you'll find it's tough to beat the system an your assets aren't protected the way you thought.
Just keep in mind that if the gifts were given outside the look-back period then there is no disqualification.
Please click the "Contact Me" button on the left or run a personalized quote at: http://goo.gl/gsqRog
Also, you can call me anytime at: 561-320-2978...I would love to hear from you .
.JPG){kind=avatar}
Just keep in mind that if the gifts were given outside the look-back period then there is no disqualification.
Please click the "Contact Me" button on the left or run a personalized quote at: http://goo.gl/gsqRog
Also, you can call me anytime at: 561-320-2978...I would love to hear from you .