The Medicaid Five-Year Look-Back Period: A Guide for FamiliesÂ
As we age, long-term care costs can become a considerable financial burden for individuals and their families. Medicaid, a joint federal and state program, can cover these costs for a person who could not otherwise afford care. However, applying for Medicaid benefits is a complex process and overwhelming for most. One of the more well-known but often misunderstood policies is the Medicaid Five-Year Look-Back Period. Before applying for Medicaid benefits, it is important to understand