Medicaid Penalty For Asset Transfers

The asset transfer penalty is restricted Medicaid coverage. (7-1-24) 01. Restricted Coverage. Means Medicaid will not participate in the cost of nursing facility services or in a level of care in a medical institution equal to nursing facility services. The penalty for a person receiving PCS or community services under the HCBS waiver is ineligibility. (7-1-24) 02. Notice and Exemption. The participant must be notified in writing, at least ten (10) days before an asset transfer penalty is imposed. (7-1-24)