Arkansas has a 60 month (5 year) “look-back period.” During this time frame, Medicaid checks all past asset transfers (including asset transfers made by one’s spouse) to ensure no assets were sold or given away under fair market value. If you fail to comply with this rule, you are not permanently ineligible, but eligibility would be delayed. The duration of the penalty would be tied to the amount that you gave away as it compares to the cost of nursing home care in Arkansas. Simply put, if you gave away enough to pay for 12 months of nursing home care, your eligibility for Medicaid would be delayed by one year.
/ FAQ / Can you give away assets to qualify for Medicaid after you find out that you need nursing home care?