A bill to amend title XIX of the Social Security Act to deny payment for nursing home care under the medicaid program (for specified periods) to persons who dispose of assets without fair compensation in order to qualify for such payment or for other medicaid benefits.

Amends title XIX (Medicaid) of the Social Security Act to prohibit Medicaid payments for specified periods with respect to nursing home care furnished to an individual if, within the 24 month period preceding such individual's application for such care or in any subsequent month with respect to which such application is effective, such individual: (1) disposed of assets which if retained would have caused such individual to be ineligible for such care; and (2) received compensation for such assets in an amount such that the difference between the fair market value of such assets and the compensation therefor exceeded $3,000.