Title: Medicaid's nursing home coverage and asset transfers
Description: "Medicaid covers the costs of a long nursing home stay.  This coverage may create an incentive for the elderly to transfer their assets to their children in order to qualify for Medicaid before entering a nursing home.  Previous researchers had found little evidence that such behavior was widespread or that asset transfers were large.  However, data from AHEAD suggest that the self-assessed probability of entering a nursing home is a significant determinant of the likelihood of making an asset transfer.  The budgetary implications of these Medicaid-induced asset transfers are probably fairly small, but not insignificant"--Federal Reserve Board web site.