Medicaid Application – Detailed Guide on How to Apply & Common Mistakes

Common Medicaid Application Mistakes

Any minor documentation mistake or inappropriate asset transaction could result in the disqualification for Medicaid and trigger a huge loss for the applicants. There are some common mistakes people are likely to make when applying for Medicaid. Learn from these errors to improve your Medicaid decision-making.

1. Apply Too Early or Too Late

As previously mentioned, there is no best time for Medicaid application and it varies based on your particular circumstances. In most of the cases, Medicaid requires a look-back period of 5 years to examine your financial eligibility. Therefore, applying for Medicaid too early could result in a longer ineligibility period if you have any prohibited transaction fall into this period. For the reason that there is no penalization before the look-back period, it is strongly suggested to put on hold of your application to avoid the Medicaid penalty. Besides, applicants should not wait until the last minute for Medicaid application since the staggering expenses for long-term care could financially destroy you and bankrupt your family before you could receive these benefits.