In general, a transfer of assets may affect the customer’s eligibility for long-term care services under the ALTCS program when the transfer:
Is made without receiving full compensation; and
Is not described in MA903 Transfers That Do Not Affect Eligibility.
The customer may still be eligible for acute medical services under ALTCS Acute Care if all other requirements are met.
The transfers described in the following sections may affect the customer’s eligibility:
Actions that would cause income or resources not to be received (MA902A);
Creating joint ownership giving another person an ownership interest in the asset (MA902B);
Withdrawal of funds from a financial account by a joint owner (MA902C);
Adding a joint owner to home property (MA902D);
Transferring home property (MA902D);
Transferring real property and retaining a life estate interest (MA902D);
Transferring the right to receive income (MA902E);
Purchase of a life estate in another person's home (MA902F);
Purchasing an Irrevocable Annuity (MA902G);
Loans, including promissory notes and property agreements (MA902H);
Transferring assets to certain types of trusts (MA902I); and
Making disbursements from certain trusts that are not to or for the benefit of the customer (MA803).