Should you transfer your assets in order to qualify for Medical or Medicaid? No. Don’t try this at home without proper advice. Is there a proper way to do this? Yes. What happens if you gift assets to qualify for Medi-Cal Long Term Care improperly? You will get penalized depending on the amount you transferred. Medi-Cal wants to know what transfers you made (as a gift) for the last 30 months! There is legislation out that wants to increase it to 60 months! Each transfer can result in penalties assessed. If, for example, you transferred X amount of assets, it.