Certified Medicaid Planner (CMP)
Exam With Actual Questions & Verified
Answers,Plus Rationales/Expert
Verified For Guaranteed Pass Graded
A+/2026 /Latest Update/Instant
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1. What is the primary role of a Certified Medicaid Planner (CMP)?
A. Sell insurance policies to seniors
B. Provide financial and legal guidance for Medicaid eligibility
C. Assist clients in developing strategies to qualify for Medicaid without
violating regulations
D. Prepare income tax returns
Rationale: A CMP helps clients plan finances and assets lawfully to meet
Medicaid eligibility requirements while preserving resources for spouses
and heirs.
2. Which federal law primarily governs Medicaid?
A. Affordable Care Act
B. Social Security Act (Title XIX)
C. Medicare Modernization Act
D. Elder Justice Act
Rationale: Title XIX of the Social Security Act establishes Medicaid,
outlining federal and state responsibilities.
3. Medicaid is jointly funded by:
A. Federal government only
B. State government only
C. Federal and state governments
, D. Private insurance companies
Rationale: Medicaid is a cooperative program funded by both federal
and state governments, with states administering benefits under federal
guidelines.
4. The “look-back period” for Medicaid eligibility is:
A. 24 months
B. 36 months
C. 60 months
D. 72 months
Rationale: The Deficit Reduction Act of 2005 established a 60-month (5-
year) look-back period for asset transfers.
5. Which of the following assets is typically not countable for Medicaid
eligibility?
A. Bank accounts
B. Stocks and bonds
C. Primary residence (with equity limits)
D. Vacation home
Rationale: A primary home may be exempt if equity is below state limits
and the applicant intends to return to it.
6. Medicaid eligibility is primarily determined by:
A. Age and occupation
B. Tax status
C. Income and assets
D. Citizenship only
Rationale: Eligibility depends on both financial resources and income
limits established by federal and state rules.
7. Which of the following is considered a “transfer penalty”?
A. Paying medical bills
B. Gifting assets within the look-back period
C. Selling a home for fair market value
D. Buying exempt assets
Rationale: Gifts or undervalued transfers within 5 years can trigger
penalty periods delaying Medicaid eligibility.
, 8. What is “spousal impoverishment protection”?
A. Requiring both spouses to spend all assets
B. Medicaid benefits for both spouses
C. Rules protecting a community spouse from losing all assets
D. Medicare supplement funding
Rationale: These rules allow the community spouse to retain a portion of
income and assets to prevent financial hardship.
9. The “Community Spouse Resource Allowance” (CSRA) allows:
A. Medicaid to cover both spouses
B. The non-applicant spouse to keep a set amount of assets
C. A higher Medicaid income limit
D. The sale of non-exempt property
Rationale: The CSRA lets the community spouse retain part of the
couple’s countable resources up to federal/state limits.
10.The “Medicaid spend-down” refers to:
A. Paying off debt
B. Reducing income or assets to meet eligibility limits
C. Spending inheritance funds
D. Tax deductions
Rationale: Applicants may reduce countable income or assets by paying
for medical expenses or other allowable costs to qualify for Medicaid.
11.Which of the following professionals can ethically provide Medicaid
planning services?
A. Any financial advisor
B. Only attorneys
C. Certified Medicaid Planners and elder law attorneys
D. Only CPAs
Rationale: CMPs and attorneys trained in Medicaid law are authorized to
advise on eligibility strategies while ensuring compliance.
12.What is a Miller Trust (Qualified Income Trust)?
A. A revocable trust for estate planning
B. A trust used to qualify for Medicaid when income exceeds limits
C. A trust for minor beneficiaries
Exam With Actual Questions & Verified
Answers,Plus Rationales/Expert
Verified For Guaranteed Pass Graded
A+/2026 /Latest Update/Instant
Download Pdf
1. What is the primary role of a Certified Medicaid Planner (CMP)?
A. Sell insurance policies to seniors
B. Provide financial and legal guidance for Medicaid eligibility
C. Assist clients in developing strategies to qualify for Medicaid without
violating regulations
D. Prepare income tax returns
Rationale: A CMP helps clients plan finances and assets lawfully to meet
Medicaid eligibility requirements while preserving resources for spouses
and heirs.
2. Which federal law primarily governs Medicaid?
A. Affordable Care Act
B. Social Security Act (Title XIX)
C. Medicare Modernization Act
D. Elder Justice Act
Rationale: Title XIX of the Social Security Act establishes Medicaid,
outlining federal and state responsibilities.
3. Medicaid is jointly funded by:
A. Federal government only
B. State government only
C. Federal and state governments
, D. Private insurance companies
Rationale: Medicaid is a cooperative program funded by both federal
and state governments, with states administering benefits under federal
guidelines.
4. The “look-back period” for Medicaid eligibility is:
A. 24 months
B. 36 months
C. 60 months
D. 72 months
Rationale: The Deficit Reduction Act of 2005 established a 60-month (5-
year) look-back period for asset transfers.
5. Which of the following assets is typically not countable for Medicaid
eligibility?
A. Bank accounts
B. Stocks and bonds
C. Primary residence (with equity limits)
D. Vacation home
Rationale: A primary home may be exempt if equity is below state limits
and the applicant intends to return to it.
6. Medicaid eligibility is primarily determined by:
A. Age and occupation
B. Tax status
C. Income and assets
D. Citizenship only
Rationale: Eligibility depends on both financial resources and income
limits established by federal and state rules.
7. Which of the following is considered a “transfer penalty”?
A. Paying medical bills
B. Gifting assets within the look-back period
C. Selling a home for fair market value
D. Buying exempt assets
Rationale: Gifts or undervalued transfers within 5 years can trigger
penalty periods delaying Medicaid eligibility.
, 8. What is “spousal impoverishment protection”?
A. Requiring both spouses to spend all assets
B. Medicaid benefits for both spouses
C. Rules protecting a community spouse from losing all assets
D. Medicare supplement funding
Rationale: These rules allow the community spouse to retain a portion of
income and assets to prevent financial hardship.
9. The “Community Spouse Resource Allowance” (CSRA) allows:
A. Medicaid to cover both spouses
B. The non-applicant spouse to keep a set amount of assets
C. A higher Medicaid income limit
D. The sale of non-exempt property
Rationale: The CSRA lets the community spouse retain part of the
couple’s countable resources up to federal/state limits.
10.The “Medicaid spend-down” refers to:
A. Paying off debt
B. Reducing income or assets to meet eligibility limits
C. Spending inheritance funds
D. Tax deductions
Rationale: Applicants may reduce countable income or assets by paying
for medical expenses or other allowable costs to qualify for Medicaid.
11.Which of the following professionals can ethically provide Medicaid
planning services?
A. Any financial advisor
B. Only attorneys
C. Certified Medicaid Planners and elder law attorneys
D. Only CPAs
Rationale: CMPs and attorneys trained in Medicaid law are authorized to
advise on eligibility strategies while ensuring compliance.
12.What is a Miller Trust (Qualified Income Trust)?
A. A revocable trust for estate planning
B. A trust used to qualify for Medicaid when income exceeds limits
C. A trust for minor beneficiaries
