When people call with questions about qualifying for assistance the questions are usually about owning a home, how much money will they receive and can money or home be given away.
ALTCS/Medicaid does not pay money to people they provide health care & services. The applicant may pay his or her portion of their income to cover the cost of their care if they are not living at home.
The applicant’s home is not a countable asset UNLESS it has been place (titled) to a Trust. Also, the State will place a lien on the home.
When someone gives away something of value & does not receive compensation for it the State considers it a transfer & will penalize the applicant if the transfer was made within the last 5 yrs of the application.
Clear as mud? That is one of the main reasons a qualified individual is recommended to assist with the process. If you needed a plumber or electrician would you pay someone that is licensed and contracted or do it yourself? Getting it done right the first time saves time and peace of mind.
Vosun Arizona Medicaid Planning 