Medicaid's nursing home coverage and asset transfers

William F. Bassett
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William F. Bassett: https://www.federalreserve.gov/econres/william-f-bassett.htm

No 2004-15, Finance and Economics Discussion Series from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Medicaid covers the costs of a long nursing home stay. This coverage may create an incentive for the elderly to transfer their assets to their children in order to qualify for Medicaid before entering a nursing home. Previous researchers had found little evidence that such behavior was widespread or that asset transfers were large. However, data from AHEAD suggest that the self-assessed probability of entering a nursing home is a significant determinant of the likelihood of making an asset transfer. The budgetary implications of these Medicaid-induced asset transfers are probably fairly small, but not insignificant.

Keywords: Medicaid; Nursing home care; Inheritance and succession (search for similar items in EconPapers)
Date: 2004
New Economics Papers: this item is included in nep-hea
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