How Gifts and Other Transfers Can Affect Medicaid Eligibility

 

Currently, an individual can gift to unlimited numbers of individuals up to $13,000 each per year without any gift tax consequences. However, the gifts may still affect the gifting individual's eligibility for Medicaid if transferred within five years of aplying for Medicaid. Giving away money or property, even to charities, or spending money without receiving fair market value in return, could negatively affect your Medicaid eligibility.


Click on this link to read more about how gifts and other transfers can affect medicaid eligibility.