When to Protect Assets
Once the PAL is established, assets may be protected at any time as long as the client meets the three LTCP eligibility criteria. Protection may occur:
- At the time of request for MA-LTC.
However, if the request for MA-LTC is denied, the request for protection becomes void.
- While an MA-LTC enrollee.
A client may protect assets at an annual renewal or any time in between. This may be needed when a client acquires a new counted asset that may increase his or her asset total to above the asset limit.Enrollees exempt from asset limits may not protect assets until necessary to do so if the exemption from asset limits ends.
- After the client’s death.
The client’s representative may protect assets during the estate recovery process.
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Initial Protection