No. Currently, a “penalty period” is only assessed against gifts or transfers when an individual applies for a “Chronic Care” Medicaid. This is Medicaid if the applicant is in a hospital, rehabilitation center, or skilled nursing center (nursing home). A new 30 month look-back period has been approved for “Community” Medicaid applicants (care at home). IT is believed that this new look-back period will likely go into effect no earlier than April 1, 2022.