Understanding Lookback Periods: How Timing Can Impact Your Eligibility for SSI, Medicaid, and VA Benefits

Don't Get Caught in a Waiting Game—Learn How Asset Transfers Can Affect Your Access to Essential Benefits and What You Can Do to Avoid Penalties.

When planning for Medicaid, and other means-tested benefits, it’s crucial to understand that your financial history doesn’t just disappear when you apply. Many families miss the importance of acting on their plans early enough to avoid a painful waiting period for these benefits—thanks to a “lookback period.” Today I’m going to explain what a lookback p…