New government rules restrict how older adults can give away assets and qualify for Medical Assistance coverage of their long-term care costs.
The regulations, designed to hinder the ability of well-off people to make sure their money goes to heirs instead of nursing homes, took effect in Pennsylvania March 5. The arcane rules resulted from a 2005 law passed by Congress, intended as one means of controlling the rising federal and state costs of Medical Assistance, or Medicaid.
The changes published by the state Department of Public Welfare have been little noticed beyond elder law attorneys and nursing home officials, and some of them are concerned that families innocently passing on money as gifts will be forced to regret it later.
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