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Is Medicaid Right for You? [Episode 99]
Attorney-CPA Joe Cordell and co-host Susan Arthur continue
their ongoing discussion on Medicaid and long-term care. They describe the
social and homely environment that many long-term care facilities and nursing
homes attempt to cultivate, as well as the factors that allow you to qualify
for Medicaid.
Joe highlights the evolution in financial strategies on how
people spend and save their money as they age. He talks about the events and
occurrences, such as trips or large purchases, that someone may want, which may
make Medicaid planning a poor fit for them.
Joe talks about the usefulness of an irrevocable trust and
how making financial sacrifices through frugal living can come at the cost of
experiences in your senior years. Joe and Susan also answer a listener question
regarding protecting a savings account, in case the listener incurs health
expenses.
They also answer a listener question regarding whether or
not there is a downside in bringing a loved one home from a nursing facility,
as it pertains to Medicaid and finances, as well as a question asking what to
do if you have too much money for Medicaid, but not enough money for nursing
home costs.
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By Life's Third Act
5
66 ratings
Attorney-CPA Joe Cordell and co-host Susan Arthur continue
their ongoing discussion on Medicaid and long-term care. They describe the
social and homely environment that many long-term care facilities and nursing
homes attempt to cultivate, as well as the factors that allow you to qualify
for Medicaid.
Joe highlights the evolution in financial strategies on how
people spend and save their money as they age. He talks about the events and
occurrences, such as trips or large purchases, that someone may want, which may
make Medicaid planning a poor fit for them.
Joe talks about the usefulness of an irrevocable trust and
how making financial sacrifices through frugal living can come at the cost of
experiences in your senior years. Joe and Susan also answer a listener question
regarding protecting a savings account, in case the listener incurs health
expenses.
They also answer a listener question regarding whether or
not there is a downside in bringing a loved one home from a nursing facility,
as it pertains to Medicaid and finances, as well as a question asking what to
do if you have too much money for Medicaid, but not enough money for nursing
home costs.