Transfer of Assets

Under the transfer of resources provisions in 1917(c) of the Social Security Act (the Act), you must restrict Medicaid coverage to an otherwise eligible institutionalized individual if he/she or his/her spouse transfers resources for less than fair market value:

  1. Individual is not eligible for LTC during sanction period
  2. For a time period that hasn't been looked at yet AND
  3. For the people that do NOT have hardship AND
  4. For the included time period (look-back period)
  5. Determine if there are any invalid transfers that fall in the look-back period AND
  6. For every countable asset transferred by the following individuals:
  7. Determine if the asset is countable or excluded
  8. If asset is countable determine whether asset transfer is allowed under transfer of assets rules
  9. Sum the uncompensated values
  10. Calculate the ineligibility period
  11. If there is uncompensated value, determine Sanction Period
  12. Determine Sanction Start/End Date
  13. Penalty periods are applied consecutively for multiple transfers not concurrently.