Common Mistakes When Setting Up Medicaid Trusts That Can Impact Eligibility

Iowa Medicaid Help05 May, 2026Business

Setting up a Medicaid trust incorrectly can lead to delays, penalties, or loss of benefits. Common mistakes include using the wrong type of trust, transferring assets too late, or keeping control over funds, which may make them countable. Failing to follow the five year look back period can also trigger ineligibility. Proper planning and accurate structuring are essential to protect assets and secure long term care coverage.