North Carolina Estate Planning Lawyer & Attorney : Trust Counsel, PA : Trust Administration : Serving Chapel Hill, Durham, Raleigh, Pittsboro, Orange County, Chatham County

I previously blogged about the changes in the federal Medicaid laws that took place last year.  The implementation in North Carolina has been delayed several times, but the rules are expected to be effective November 1, 2007.

In brief, the lookback period for disqualifying gifts will increase from 3 years to 5 years, and the penalty period for gifts within the 5 years will start on the date the Medicaid applicant would otherwise become eligible for Medicaid, instead of the date of the gift.

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I previously reported briefly on the Medicaid changes required by the Deficit Reduction Act of 2005.  The effective date in North Carolina has been postponed several times, and it now appears that the new rules may not take effect until next year.  The reason is that North Carolina has yet to come up with final "undue hardship" exemptions as required by federal law.

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I previously reported that the changes in the Medicaid rules from the Deficient Reduction Act were to become effective in North Carolina on March 1, 2007.  Now it appears that the implementation date has been moved to April 1, 2007.  See my earlier posts under the Medicaid category to read about the changes.

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My entry of December  8 briefly discussed the changes to the Medicaid rules in North Carolina which were thought to take effect on January 1st. However, the rules will now be effective March 1, 2007.  Thus, there is still some time to do the more liberal planning allowable under the current rules.

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