If I know my assets will exceed the limit, can’t I just gift them to someone before I apply?

Because people regularly took advantage of this loophole, the Medicaid program implemented a “look-back” period. In most states, the look-back period is 60 months; however, California currently imposes a 30 months look-back period. The look-back rule allows Medicaid to review your finances for the designated period leading up to your application. Any asset transfers made during that time period for less than fair market value may trigger an eligibility waiting period.