New rules the VA has imposed on beneficiaries makes it more challenging to qualify for long term care benefits than ever. There never used to be penalties for transferring assets and affecting eligibility; however, that has all changed. In the case of Medicaid, a net worth maximum of assets (in 2018) is $123,600 which a spouse can retain. In the case of the VA, this amount includes both the applicant and spouse. While Medicaid has a five-year look back, the VA has only a three year look back. The new rules went into effect on October 18, 2018 and any asset transfers made prior to that date will be disregarded. What does this recent implementation mean to you?
What Makes it so Difficult to Qualify for Long Term Care Benefits Through the VA