Medicaid planning occurs when individuals reduce their assets so that they can qualify for benefits under the Medicaid system. Which of the following is not correct regarding Medicaid planning?

Select one:

a. Medicaid planning is often engaged in for the purpose of preserving assets for family members while attempting to qualify for benefits under the Medicaid program.

b. Transferring assets for more than FMV results in individuals being subject to penalties under the Medicaid system.

c. The penalty period imposed for transferring assets at less than the FMV begins at the later of the time of the transfer or upon entering a nursing home.

d. The look back period for Medicaid planning is 60 months.