Have you ever thought about Medicaid Planning? What is Medicaid Planning and is it right for you?
I chatted with Cathy Sikorski, Esq., an elder law attorney, speaker and caregiver, about the intricacies and details regarding Medicaid Planning and who it is a good fit for, and for those who should look into other options.
In this episode we covered:
🔹 The issue of giving away assets to qualify for Medicaid coverage for long-term care
🔹 Government examination of financial history for the past five years
🔹 Warning against mistakes and importance of consulting experts
🔹 Being prepared and exploring other options
🔹 Choosing the right facility and considerations for Medicaid Planning
🔹 Implications of relying on Medicaid for care
🔹 Estate recovery and partnership programs in reciprocity
🔹 Keeping assets and not needing to spend them down before qualifying for Medicaid
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Watch this episode on YouTube: https://youtu.be/akNGzvAyRss
#LongTermCare #FinancialPlanning #SteadfastCarePlanning #MedicaidPlanning #PlanningForCare
For additional information about Kelly, check her out on Linkedin or www.SteadfastAgents.com.
To explore your options for long-term care insurance, click here.
Steadfast Care Planning podcast is made possible by Steadfast Insurance LLC,
Certification in Long Term Care, and AMADA Senior Care Columbus.
Come back next time for more helpful guidance!