reverse half-a-loaf
n.— «The way to accomplish this same goal under the “new” rules is a technique called “reverse half-a-loaf” planning. In this case, a potential Medicaid applicant would give away all of his or her assets to a loved one, retaining only what is needed for living expenses for the next five years. If the person remains healthy and does not require nursing home care for five years, the gift will be protected because it will be beyond the 60-month lookback period at the time of application. If the person does require nursing home care within those five years after making the gift, the recipients of the gift simply give back half. By giving back half of the gift, the penalty period is reduced and the applicant has sufficient funds to pay for the cost of care until he/she is eligible to apply for Medicaid.» —“You can still plan for future under new Medicaid law” by Arthur C. Weinshank, Michelle M. Liguori New Milford Spectrum (Connecticut) June 9, 2006. (source: Double-Tongued Dictionary)
Further reading
If you speak a second or third language, you may remember the first time you dreamed in that new tongue. But does this milestone mean you’re actually fluent? And a couple’s dispute over the word regret: Say you wish you’d been able...
The word filibuster has a long and colorful history, going back to the days when pirates roamed the high seas. Today it refers to hijacking a piece of legislation. Plus, the language of yoga teachers: When doing a guided meditation, you may hear...