Tag: nursing home

These figures apply to long term nursing home care and are used to calculate Medicaid penalty periods for gifts and asset transfers.  Under current law, there is a five year look back period for institutional long term care.  Any non-exempt transfers or gifts of assets within this five year look back will be subject to a penalty period that is applied to nursing home eligibility.   There are exemptions and protection strategies that may be applied to reduce your costs.

 

Long Island (Nassau/Suffolk) $12,633
New York City (Manhattan, Queens, Brooklyn, Staten Island, Bronx ) $12,029
Central (Syracuse, Broome, Cayuga, Oswego, etc.) $9,252
Northeastern (Albany, Rensselaer, Saratoga, Schenectady, etc) $9,806
Northern Metropolitan (Westchester, Dutchess, Orange, Rockland, etc.) $11,768
Rochester (Monroe, Ontario, Seneca, etc.) $11,145
Western (Buffalo, Erie, Niagra, Genesee, etc.) $9,630