043 – Beware of the Medicaid Trap – New Rules During the Look Back Period

Sometimes things you do during the Medicaid look back period – even though they may be legal, moral and ethical – can create massive problems when it is time to apply for Medicaid.  You need to be really careful that you don’t do anything that can accidentally disqualify your loved one from Medicaid benefits or result in Medicaid penalties.  Listen to this episode to learn more about this trap and how you can avoid it.

Talk to you soon.

Casey (Casey@TheStressedOutCaregiver.com)

042 – Most All Gifts – No Matter How Small – Are Penalized by Medicaid (in New Jersey)

People are surprised to learn that Medicaid (in New Jersey) penalizes all gifts no matter how small.  They are also surprised that there is no annual exclusion exception for gifts.  Don’t get caught off guard by this when the time comes that your elderly loved one needs Medicaid.  Listen to the podcast to learn more.

Talk to you soon.

Casey (Casey@TheStressedOutCaregiver.com)

041 – The Dangers of Paying for Care Under the Table

Home care is expensive.  It can be tempting to save money on care by paying for it under the table but doing so is very risky.  In addition to being illegal there are a number of potential problems associated with it (for example, Medicaid doesn’t like it). Listen to the episode to learn more.

Talk to you soon.

Casey (Casey@TheStressedOutCaregiver.com)

040 – Medicaid Rules Are Different In Each State

Laws are different in each state and Medicaid rules are no exception.  Because Medicaid rules are different in each and everyone’s situation is different you need to be really careful when relying on general advice as it relates to Medicaid.  Listen to this episode to learn more.

Thanks and I will talk to you soon!

Casey (Casey@TheStressedOutCaregiver.com)

039 – Can You Protect Money and Still Get Medicaid?

Three questions people ask all the time are:

  • What happens when the money runs out?
  • Can I protect money from the cost of long term care?
  • Is it too late to protect money from the cost of long term care?

Listen to the podcast to hear the answers to these questions – they may be better than you expect.

Let me know if you have any questions or comments about this episode or anything else.

Thanks and I will talk to you soon.

Casey (casey@thestressedoutcaregiver.com)

038 – A Couple of Strategies to Preserve Family Wealth

Everyone wants to protect money from long term medical care costs and preserve family wealth.  There are many possible ways to do this – some are obvious and some aren’t.  In fact, some are so obscure that people don’t even realize they exist.  This episode discusses two of the more obscure – yet simple – strategies to protect money: (1) buying your loved one’s life insurance policy for cash value; and (2) paying your elderly loved one’s long term care insurance premiums if they can no longer afford them.  Give it a listen to learn more.

Talk to you soon.

Casey (Casey@TheStressedOutCaregiver.com)

 

037 – How to Best Help Your Elderly Loved One Pay for Care

In this episode I talk about the order of paying for your loved one’s care.  Should pay for their care to you help them avoid spending their money and going on Medicaid or should they go on Medicaid first?  Listen to the podcast to find out – this episode can save a lot of money from being spent on long term care.

You can reach me at casey@thestressedoutcaregiver.com

Talk to you soon.

Casey

036 – You Pay For Long Term Care As You Go

Most people think that their elderly loved one must give all of their money to the assisted living or the nursing home community when they move in.  Well, that’s just a myth.  You don’t give them your money – at least not most of the time – instead you pay as you go.  Also, Medicaid doesn’t take your money – they don’t get involved in the situation until your loved one exhausts all of their resources and can’t afford to pay for care (but you should be aware of Medicaid because you don’t want to accidentally do anything that could affect your elderly loved one’s ability to get benefits).

Listen to the podcast to learn more.

Talk to you soon.

Casey

035 – Getting Advice About Protecting Money From Long Term Care Costs

People need to be really careful where they get advice about protecting their elderly loved one’s money from the cost of long term care.  This episode will talk about that issue and warn you about the possibility of bad advice and discuss where to get good advice to protect their money.

I hope you like this content and find it helpful.  You can reach me at casey@thestressedoutcaregiver.com.

Thanks and I will talk to you soon.

Casey

034 – Payor Sources for Long Term Care

There are many sources available to pay for your elderly loved one’s long term care.  They include:

  • Medicare
  • VA Benefits
  • Long Term Care Insurance
  • Grants and Programs
  • Private Pay
  • Medicaid

The two main payor sources are private pay funds (think income and money in the bank) and Medicaid.  Everything else offsets the cost of care but doesn’t usually pay for everything (although long term care insurance can go a long way depending on the policy benefits).  Listen to the podcast to learn more.

Thanks so much and I will talk to you soon.

Casey