In this insightful episode, Andy Rosenberg breaks down the complex and often misunderstood world of long-term care planning. He explains the staggering costs of nursing homes and assisted-living facilities, clarifies the differences between Medicare and Medicaid, and outlines practical strategies for protecting a family’s savings. Andy also discusses Florida’s unique Medicaid rules, including income and asset limits, the five-year look-back period, and how proactive and crisis Medicaid planning can preserve wealth.
00:01 – Show Introduction
00:55 – Long-Term Care and Nursing Home Costs in Florida
02:20 – Medicare vs. Medicaid Coverage Differences
04:32 – Understanding Medicaid’s Three-Legged Stool: Medical Need, Income, Assets
06:25 – Florida Medicaid Eligibility Limits and Requirements
08:15 – Protecting Family Savings Through Long-Term Care Insurance
10:05 – The Five-Year Look-Back Rule and Proactive Medicaid Planning
13:10 – Crisis Medicaid Planning and Florida’s Flexible Rules
15:20 – How to Use Personal Service Contracts and Qualified Income Trusts
17:40 – The Difference Between Estate Planning and Medicaid Planning
19:00 – Preview of Part Two and Final Advice
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f You Don’t Plan, You’re Stupid explores essential estate-planning strategies that protect families from financial hardship and uncertainty. Hosted by Florida estate planner Andy Rosenberg, each episode delivers practical insights on wills, trusts, probate avoidance, Medicaid planning, and long-term financial security.