Medicaid Eligibility and the Florida Lady Bird Deed
This guide discusses how a Lady Bird Deed might affect medicaid eligibility.
Medicaid EligibilityFlorida Lady Bird Deeds (also known as, Enhanced Life Estate Deeds) have many benefits as discussed in previous articles. A common question that often arises when discussing these types of deeds is, *How will a Lady Bird Deed affect my Medicaid eligibility? Isn*t it considered a transfer?*
Medicaid has a 60-month (5-year) look back period of assets that have been transferred, when assessing a person*s eligibility for governmental benefits. Fortunately, a Lady Bird Deed will not be considered a transferred property for the purposes of this look back period.
Does the Lady Bird Deed Affect Medicaid Eligibility?The reason why the Lady Bird Deed will not affect the look back period is because you retain the rights to your real property during your life. The Lady Bird Deed is disregarded for Medicaid purposes and therefore will not hurt your Medicaid eligibility.