You can still apply, but are required to disclose assets transferred within a 5-year period from the date of application. Penalties will be applied for the transfers, but they vary based on the total value of the transfer. There are no penalties for transfers of assets between spouses.
Navigating the Medicaid application process can be confusing and frightening. Any time a nursing home becomes a genuine possibility for yourself or a loved one, having a qualified, experienced Texas Medicaid attorney that has your back is invaluable. The Hyde Law Firm can protect your assets, so both the person needing care and their spouse can avoid living at the poverty level and still qualify for Medicaid benefits.