The Listen to Lawrence Letter: Confusion about income

December 6, 2024
December 5, 2024 • Volume 5 Issue 302
Confusion about income…read on:

READER QUESTION:

I get a stipend from the VA each month.  It’s non-taxable (so far). Would that money be part of Medicaid’s look-back?

MY RESPONSE:

Your monthly income, whether coming from your VA benefit or Social Security is not part of the look-back because you never gave it away, and frankly, you can’t give it away in advance. Once you receive your monthly check, if you thereafter gift it to a family member or trust, that would trigger the 5-year look-back.

I hope this helps.

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