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Asset transfer bill causes concern
LTC Liability Monitor, February 9, 2006
While there was good news in the Deficit Reduction Act when it came to the therapy caps, nursing home providers are concerned what the bill means when it comes to asset transfers by residents, according to statements from the American Health Care Association (AHCA) and the American Association of Homes and Services for the Aging (AAHSA). The legislation changed the lookback period for transferring assets to qualify for Medicaid nursing home care to five years from three. It also changed the penalty phase for improper asset transfers to coincide with a nursing home stay.
Both major nursing home associations are worried the measures will increase the burden of uncompensated care on long-term care providers, leaving facilities, rather than the state, to collect from residents who have no private funds and are not Medicaid eligible.
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