The Generations Legal Group Podcast
“Aging” or “Growing Old” has to be better than dying young, right?? Join Certified Elder Law Attorney, Todd Whatley, Founder of Generations Legal Group as he dives deep into the complexities, sensitive topics, and how-to’s of becoming an “aging individual” or caregiver of an aging loved one. This podcast covers senior-related caregiving issues, legal/financial issues, when to stop driving, late in life marriages, grief, death, and other end of life concerns. If you struggle with what to do next, how to cope, or simply the basics on what lies ahead as you or your loved one ages, this podcast provides solutions to your questions.
The Generations Legal Group Podcast
Epi 89 What if my Income is too High to Qualify for Medicaid? How do I pay for the Nursing Home?
We get this question all the time. People are told "your income is too high to qualify for Medicaid". However, their income is WAY less than what it takes to pay for the nursing home. Some States have what is called an "Income Cap" which means there is a maximum amount that you can make. However, that limit is much under the amount that facilities cost.
Therefore, you have to jump through some hoops to qualify. That "hoop" is commonly called a Miller Trust. Today, Todd and Sara talk about the Miller Trust and how you can create it and still qualify for Medicaid even if you have a higher income than allowed.
*Note: Not every State has an income cap so don't be surprised if you have never heard of this.
Information to help you answer all of your questions about aging.