9-03MHLongTermAsset.html

MassHealth Long Term Care:
Asset Transfers

DMA's request for a waiver to implement changes to asset transfer rules is not yet approved, so these changes are pending waiver approval.

Changes to asset transfers are designed to place greater limits on individuals' abilities to transfer personal assets before needing MassHealth long term care. The definition of countable assets will not change, rather, the state seeks to change the penalty period and the look back period for asset transfers. Currently, there is a 3 year look back period. With this change, the look back period would be 5 years for most assets. This applies only to members needing long term care services, and only to primary residences that are over $300,000 in value. The hardship provisions currently in place will remain in place.

09/03