QUESTION
IS MONEY PLACED IN A 529 EDUCATIONAL ACCOUNT SUBJECT TO THE 5 YEAR LOOK BACK RULE
Asked on Jan 20th, 2014 on Elder Law - New Jersey
1 ANSWER
2 Awards
Yes - I believe it would be and that the 529 would offer no protection from the look back regulations. It is still a transfer that causes a period of ineligibility as that term is used in the Medicaid regulations.
Answered on Jan 23rd, 2014 at 11:05 AM
Diana L. Anderson, Certified Elder Law Attorney This response is not legal advice and does not establish any form of attorney/client relationship