North Carolina Medicaid and Your Bank Account

Medicaid, an essential safety net for many of our neighbors in Raleigh and Wake Forest, North Carolina, helps cover the cost of long-term care for those with limited financial resources. As such, it’s important to understand how the North Carolina Medicaid program assesses your financial resources.

In North Carolina, Medicaid performs an extensive check of your financial records when you apply for assistance with long term care skilled nursing care.  Medicaid has a look back period of 5 years, meaning that they will request and review 5 years of financial records as a part of your application.  Medicaid will also review your financial records every year as part of the recertification process. Medicaid does so to verify that your income and assets are within the program’s limits. If your resources exceed the allowable limit, you may risk not qualifying for Medicaid or losing your eligibility for Medicaid benefits once