2004 Monthly Regional Rates for Medicaid Released

At the time of an application for Medicaid, the Department of Social Services will look at all transfers of assets in the last 36 month (60 months for transfers to trust) to determine whether the ...

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At the time of an application for Medicaid, the Department of Social Services will look at all transfers of assets in the last 36 month (60 months for transfers to trust) to determine whether the applicant is eligible, or if there remains a period of ineligibility due to prior transfers. For institutional Medicaid, an applicant is ineligible for coverage for a period of time after a gift or transer of assets. (There are some transfers such as those between spouses or to a disabled child, that are exempt.) That time period depends on the value of the assets transferred for less than fair market value, divided by the average cost of nursing facility services to a private patient in the community. to determine the time period, we refer to the average monthly cost of nursing home services in New York State for 2004 as follows:
Central New York - $5,842
Long Island - $9,296
New York City - $8,695
Northeastern New York - $6,254
Northern Metropolitan Area - $7,902
Rochester - $6,672
Western New York - $5,854

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