This particular myth can cause you the most trouble if you buy into it. Far too many people believe that they can simply give away their property in order to qualify for long-term care coverage through Medi-Cal. In order to qualify, you must meet some rather strict asset restrictions. Medi-Cal currently also imposes a thirty month asset transfer restriction. That means, if you apply for Medi-Cal and you transferred assets in order to qualify within the past 30 months, you may not qualify. Experienced and qualified elder law attorneys understand these restrictions and also know alternative planning techniques that can often avoid these problems.
