In Maryland, the Medicaid lookback period is currently five years. This means that when an individual applies for Medicaid benefits to pay for long-term care, the state will review the individual’s financial records for the five-year period prior to the application date to determine if any assets were transferred or given away during that time.

If the state determines that the individual has transferred assets for less than fair market value during the lookback period, they may impose a penalty period during which the individual will be ineligible for Medicaid benefits. The length of the penalty period is based on the amount of the transfer and the average monthly cost of long-term care in the state.

It is important to note that the lookback period and rules regarding transfers of assets can vary by state, so it is important to consult with a qualified attorney who is familiar with Medicaid rules and regulations in Maryland to ensure that you are making informed decisions regarding your assets and Medicaid eligibility.

Click here to visit RELEP’s Elder Law and Medicaid webpage.